Commonwealth Numbered Regulations

1995 No. 141 LIFE INSURANCE REGULATIONS - REG 13.02

13.02. For the purposes of paragraph (b) of the definition of

"superannuation policy" in the Schedule to the Act, a life policy included in
any of the following classes of policies is declared to be a superannuation
policy for the purposes of the Act:

   (a)  a policy of any of the following kinds that is maintained for the
        purposes of superannuation or retirement:

        (i)    an immediate annuity policy;

        (ii)   a deferred annuity policy;

        (iii)  an allocated annuity policy;

   (b)  a policy that is owned by the trustee of a scheme, being a scheme that
        is:

        (i)    an approved deposit fund; or

        (ii)   a pooled superannuation trust.