(1) Section 60 of the Principal Act is repealed.
(2) Subsection (1) shall apply and have effect in relation to instruments executed and policies of life insurance varied on or after 1 January 2001.
(1) Section 60 of the Principal Act is repealed.
(2) Subsection (1) shall apply and have effect in relation to instruments executed and policies of life insurance varied on or after 1 January 2001.