CTHRepealedLegislation
Life Insurance (prudential standard) determination No. 12 of 2010 - Prudential Standard LPS 700 Friendly Society Benefit Funds
Notice to membersNotice to members
Start here
Get a plain-English read of Notice to members
Turn the raw legal text into a practical explanation grounded in Life Insurance (prudential standard) determination No. 12 of 2010 - Prudential Standard LPS 700 Friendly Society Benefit Funds.
Notice to members
- Where notice to members is required in respect of matters dealt with in paragraphs 35 to 49, a friendly society must give written notice to its members, no later than the day on which notice is given of the next general meeting of the friendly society:
(a) stating the date on which the new benefit fund rule or the change to the benefit fund rule or society constitution came into force; and
(b) giving the text or a summary of the new benefit fund rule or of the change to the benefit fund rule or friendly society’s constitution.
- With APRA’s prior approval, notice as referred to in paragraph 50, may be given to members by an advertisement published in a newspaper circulating generally in the area of each State or Territory in which the friendly society operates.