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LIFE INSURANCE ACT 1995 - SECT 46
Restriction on restructure or termination of statutory funds
(1) A life company must not:
(a) change the statutory fund or funds to which a policy is
referable; or
(b) terminate a statutory fund;
except in accordance with:
(c) subsection 35(4) and section 55; or
(d) Division 3.
(2) Subsection (1) does not prevent a liquidator doing
anything authorised or required by or under this Act or any other law of the
Commonwealth or of a State or Territory.
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