7411 Life Insurance
This class consists of units mainly engaged in providing life insurance cover.
Exclusions / References
Superannuation funds managed by life insurance companies are included in Class 7412 Superannuation Funds. This exclusion does not relate to statutory funds of life insurance companies for the purpose of conducting superannuation business - such funds are part of the assets of the life insurance companies.
Primary Activities
Life insurance provision; Life reinsurance provision
7412 Superannuation Funds
This class consists of units of separately constituted funds mainly engaged in providing retirement benefits.
Exclusions / References
Units mainly engaged in managing or in carrying out the operations of separately constituted superannuation funds on a commission or fee basis are included in Class 7520 Services to Insurance.
Primary Activities
Approved Deposit Fund (Superannuation) operation; Pension fund, separately constituted, operation; Superannuation fund, separately constituted, operation
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