Commonwealth Consolidated Acts

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FINANCIAL INSTITUTIONS SUPERVISORY LEVIES COLLECTION ACT 1998 - SECT 5

Application of Act to Lloyd's

             (1)  This Act applies to Lloyd's (within the meaning of section 3 of the Insurance Act 1973 ), at all times after the commencement of this Act, as if Lloyd's were a body corporate authorised under that Act to carry on insurance business.

             (2)  Nothing in this Act makes any Lloyd's underwriter liable to pay levy under this Act.


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