1 Short Title and commencement

• (1) This Act may be cited as the Insurance Companies' Deposits Amendment Act 1974, and shall be read together with and deemed part of the Insurance Companies' Deposits Act 1953 (hereinafter referred to as the principal Act).

  (2) Sections 3 and 5 of this Act shall be deemed to have come into force on the 26th day of August 1974.

  (3) Except as provided in subsection (2) of this section, this Act shall come into force on the date of its passing.

2 Interpretation

• (1) This subsection substituted the definition of approved securities in section 2 of the principal Act.

  (2) 

  (3) 

  (4) 

  (5) Every deposit made by any depositor before the passing of this Act, in so far as it consists at the passing of this Act of approved securities within the definition repealed by subsection (1) of this section, shall be deemed to consist of approved securities, notwithstanding that any of those securities may not be within the definition substituted by that subsection, and the provisions of the principal Act shall apply to the deposit and to the securities comprised therein accordingly.

  (6) The following enactments are hereby consequentially repealed:

  • (a) The Insurance Companies' Deposits Amendment Act 1958:

  • (b) The Insurance Companies' Deposits Amendment Act 1971.

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