Commonwealth Numbered Regulations

1985 No. 44 LIFE INSURANCE REGULATIONS (AMENDMENT) - REG 1

After regulation 28B of the Life Insurance Regulations the following
regulation is inserted: Alterations of Fourth Schedule to the Act

"28C. The provisions of the Fourth Schedule to the Act are altered by omitting
paragraph (2A) (a) and substituting the following paragraphs:

'(a) where the liability under the policy, being a deferred annuity policy, is
in respect of the period during which an annuity shall be payable-an assumed
rate of 8 per centum per annum;

   (ab) where the liability under the policy, being an annuity policy under
        which an annuity has become payable, is in respect of the period
        during which the annuity shall continue to be payable-an assumed rate
        of 12 per centum per annum; or '.".