Life Insurance (prudential standard) determination No. 2 of 2006 - Prudential Standard LPS 510 - Governance
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All life companies (except eligible foreign life insurance companies[1]) have to comply with this Prudential Standard in its entirety.
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Eligible foreign life insurance companies (EFLICs) have to comply with only those provisions of this Prudential Standard which specifically indicate that they apply to EFLICs. The obligations imposed by this Prudential Standard, on or in relation to an EFLIC, only apply in relation to its Australian business. Attachment B to this Prudential Standard applies specifically to EFLICs.