[Part 3 Treatment of Written-Down Liabilities for Certain Purposes]

[Part 3 Treatment of Written-Down Liabilities for Certain Purposes]

[Application of this Part of this Schedule

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(1)     This Part of this Schedule applies in relation to a liability of an insurer while the value of the liability is reduced under a write-down order.

(2)     Where the write-down order is varied, this Part of this Schedule applies as if references to the write-down order were to the order as varied.

Relevant insolvency provisions

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(1)

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