Life Insurance (prudential standards) determination No. 14 of 2007 - Prudential Standard LPS 510 - Governance
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This Prudential Standard applies to all life companies, including friendly societies, registered under the Act.
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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.[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.