(1) This Act is the Life Insurance Amendment Act 2005.

(2) In this Act, the Life Insurance Amendment Act 1920 is called “the principal Act”.

This Act comes into force on 26 April 2005.

The amendments to the principal Act in section 4 apply only in respect of persons who die on or after the commencement of this Act.

(1) Section 2 of the principal Act is amended by omitting from the heading the words “or wife”, and substituting the words “, wife, civil union partner, de facto partner”.

(2) - Section 2(1) of the principal Act is amended by omitting the words “policyholder, being a man, has assigned a policy on his own life to his wife, or, being a woman, has assigned a policy on her own life to her husband, and such wife or husband” and substituting the words “policyholder has assigned a policy on his or her own life to his or her wife or husband, civil union partner, or de facto partner and that wife or husband, civil union partner, or de facto partner”.

(3) Section 2(1) of the principal Act is amended by inserting, after the words “husband or wife,”, the words “civil union partner, or de facto partner,”.

(4) Section 2(2) of the principal Act is amended by omitting the words “policyholder, being a man, has assigned a policy on his own life to his wife, or, being a woman, has assigned a policy on her own life to her husband, and such wife or husband” and substituting the words “policyholder has assigned a policy on his or her life to his or her wife or husband, civil union partner, or de facto partner, and that wife or husband, civil union partner, or de facto partner”.