Commonwealth Consolidated Acts Commonwealth Consolidated ActsDivision 320 has effect as if the time when a * life insurance company becomes a * subsidiary member of a * consolidated group were a * valuation time for the purposes of sections 320 - 175 and 320 - 230.
Note: This means that there must be a valuation of the complying superannuation assets and complying superannuation liabilities under section 320 - 175 (with the consequences set out in section 320 - 180), and a valuation of the segregated exempt assets and exempt life insurance policy liabilities under section 320 - 230 (with the consequences set out in section 320 - 235), as at that time.