Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 233A

Transfer by life insurance company to statutory fund

    This section authorises any share capital reduction that occurs because a life company appropriates or transfers an amount to a statutory fund established and maintained under this Act.

Note:   Section   256B of the Corporations Act 2001 permits share capital reductions authorised by law to be carried out without shareholder approval.


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