The purposes are set out in the Life Insurance Act 1995, Sections 38 and 40.38 (3)  A life company must not mortgage or charge any of the assets of a statutory fund except:                      (a)  to secure a bank overdraft; or                      (b)  in connection with the undertaking of a major development project and in accordance with section 40; or                      (c)  for such other purposes, and subject to such other conditions, as are prescribed by the regulations.40 (1)  A life company may mortgage or charge an asset of a statutory fund, otherwise than for a purpose of the kind referred to in paragraph 38(3)(a) or (c), if:                      (a)  the mortgage or charge is to be given in connection with the undertaking of a major development project; and                      (b)  the giving of the mortgage or charge has been approved by APRA.The enumerated values are: DerivaticesMajor Development ProjectOtherOverdraft