High Court of Australia
OF AUSTRALIA. 645,
Tagree with what has been said by the learned H. C. or A. 1916.
aL EY WATERSIDE,
Powers J. I also agree. = Workers' Bs ae FEDERATION oF AUSTRALIA
uJ. Iconcur in the judgment of the Chief Justice. v
: WEALTH Question answered in the negative. "On ae
SOCIATION.
for the Waterside Workers' Federation of Australia, v & Barker. . B. L.
{HIGH COURT OF AUSTRALIA.)
APPELLANT ; AND PUBLIC TRUSTEE 4 3 . | RESPONDENT.
ON APPEAL FROM THE SUPREME COURT Or NEW SOUTH WALES.
cy—Life assurance policy effected by bankrupt—Protection from ereditors— yy ©, op A. acquired property—Life, Fire, and Marine Insurance Act 1902 (N.S.W.) 96, ro. 49 of 1902), secs. 4, 5, 7—Bankruptey Act 1898 (N.S.W.) (No. 25 of 1898),
. 3, 10, 52. Sypyey, Aug. 7, 8, 31.
"See. 4 of the Life, Fire, and Marine Insurance Act 1902 (N.S.W.) provides nat "The property and interest of every person who has effected, or shall Gritith ©... or effect, any policy for an insurance bond fide upon the life of himself "Quvag Dutly" . ,orfor any future endowment for himself. . . ,and the property Cetera aah interest of the personal representatives of himself . . . in such
ey, or in the moneys payable thereunder or in respect thereof, and in the H. C. or A. 1916.
eS)
PaLMeR v Pusiic 'TRUSTEE,
HIGH COURT [1916.
contributions made towards the same, shall be exempt from any law now or hereafter in force relating to insolvency or bankruptcy, or from being seized or levied upon by or under the process of any Court whatever." See. 5 provides that "A policy for life insurance or endowment or the contributions made towards the same shall not be protected under the last preceding section until such policy has endured for at least two years, after which period such pro- tection shall be afforded to the extent of two hundred pounds of insurance or endowment, and after an endurance of five years to the extent of five hundred pounds, and after an endurance of seven years to the extent of one thousand pounds, and after an endurance of ten years to the extent of two thousand pounds."
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