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Life Insurance (prudential standard) determination No. 4 of 2023
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2. This Prudential Standard applies to all life companies including friendly societies (together referred to as life companies) registered under the Act[\[1\]](#_ftn1), except where expressly noted otherwise.
3. A life company must apply this Prudential Standard separately to each statutory fund where:
(a) the business of the fund consists of the provision of investment-linked benefits; and
(b) any of the policies referable to the fund includes an investment performance guarantee.
4. This Prudential Standard only applies to the business of an Eligible Foreign Life Insurance Company which is carried on through its Australian statutory funds but not otherwise.[\[2\]](#_ftn2)
5. This Prudential Standard applies to life companies from 1 January 2013.