Australian Capital Territory Consolidated Regulations

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ROAD TRANSPORT (THIRD-PARTY INSURANCE) REGULATION 2008 - REG 35

Information to be provided by licensed insurers—Act, s 269 (1) (c)

    (1)     If a licensed insurer provides accounts, returns or other information under the Corporations Act or the Insurance Act 1973 (Cwlth), the licensed insurer must also give a copy of the accounts, returns or other information to the CTP regulator.

    (2)     If a licensed insurer receives a request for information or explanation from the APRA, the insurer must, not later than 1 month after responding to the request, give a copy of the request and the licensed insurer's response to the request to the CTP regulator.

    (3)     If the CTP regulator asks a licensed insurer for an actuarial report on the insurer's financial position, the insurer must give the report to the CTP regulator not later than 3 months after receiving the request.

    (4)     If a transaction happens that may affect control of a licensed insurer, the insurer must give complete details of the transaction to the CTP regulator not later than 1 month after the transaction happens.

    (5)     If a change of the manager responsible for managing a licensed insurer's CTP business happens, the insurer must give complete details of the change to the CTP regulator not later than 1 month after the change happens.



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