CTHRepealedLegislation
Life Insurance (prudential standard) determination No. 3 of 2010 - Prudential Standard LPS 510 - Governance
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Application
- This Prudential Standard applies to:
(a) all life companies, including friendly societies; and
(b) non-operating holding companies (NOHCs),
registered under the Act. Life companies and registered NOHCs are collectively referred to as regulated institutions in this Prudential Standard.
- 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.[1] 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.