Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 16ZAAD

Modification of section 226

    Section   226 of the Act has effect in relation to a friendly society as if subsection   (1) of that section were omitted and the following subsections substituted:

  (1)   A friendly society must keep a register of members for each approved benefit fund of the society.

  (1A)   The register must include:

  (a)   the name and address of each member of the approved benefit fund; and

  (b)   the date of each member's admission to membership; and

  (c)   for each membership terminated--the date and circumstances of the termination.

  (1B)   The register must be kept in parts so that the information for a member living in a particular State or Territory is kept in a part of the register for that State or Territory.



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