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by QBE Re and Sydney Re.
prepared Actuarial Reports in connection with the Scheme.
Assumed Liabilities has the meaning given to that expression in clause 3.
the Business Assets and Business Liabilities.
Business Assets means the assets used by QII for the purposes of conducting the Business.
ascertainable other than the Insurance Liabilities.
unascertained and whether arising before or after the Effective Date.
Independent Actuary means Warrick Gard of Ernst &amp; Young.
Insurance Act means the Insurance Act 1973 (Cth).
reinsurer prior to the Effective Date in the conduct of its Business.
Standard GPS 320 Actuarial and Related Matters made under the Insurance Act.
QIA Appointed Actuary means Benoit Laganiere, the Appointed Actuary of QIA.
QII Appointed Actuary means Jack Jiang, the Appointed Actuary of QII.
of, QII as reinsured or cedant in respect of any Insurance Contract.
4 November 2015 in respect of the transfer of the Business.
the Effective Date, the Assumed Liabilities will be liabilities of QIA.
against QIA, as the case may be.
the obligations in respect of the Assumed Liabilities from and including the Effective Date.
Transfer Deed, this Scheme and the transactions contemplated by them.
be paid by or charged to policyholders, but will be met by QIA out of shareholder funds.
on or obligation to QII irrespective of when such claim or obligation arose.
Policyholders are not required to take any action before or as a result of the Scheme.
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