CTHRepealedLegislation
Life Insurance (prudential standard) determination No. 2 of 2011 - Prudential Standard LPS 700 - Friendly Society Benefit Funds
Information to be provided to APRA folloInformation to be provided to APRA following a termination
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Turn the raw legal text into a practical explanation grounded in Life Insurance (prudential standard) determination No. 2 of 2011 - Prudential Standard LPS 700 - Friendly Society Benefit Funds.
Information to be provided to APRA following a termination
- A friendly society must lodge with APRA, within three months or such other period as APRA determines, after the termination of an approved benefit fund takes effect:
(a) audited accounts, or accounts in a form approved by APRA, for the terminated fund up to the date on which the termination takes effect; and
(b) such other information as APRA may require in writing.
- The accounts referred to in paragraph 86 must include, if applicable:
(a) a statement of the distribution of the assets of the approved benefit fund; and
(b) details of any bonuses paid by the friendly society from the approved benefit fund during the period to which the accounts relate.