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INSURANCE ACT 1973 - NOTES

Act No. 76 of 1973 as amended

This compilation was prepared on 2 September 2009
taking into account amendments up to Act No. 75 of 2009

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General's Department, Canberra

  

  

  


Contents

Part I--Preliminary                                                                                                                 1

1............ Short title [see Note 1] ....................................................................... 1

2............ Commencement [see Note 1] .............................................................. 1

2A......... Main object of this Act ...................................................................... 1

3............ Interpretation ...................................................................................... 2

3A......... Certain insurance contracts not taken to be insurance business ....... 11

4............ Meaning of subsidiary ...................................................................... 11

5............ Application of Act ........................................................................... 12

6............ Act extends to external Territories ................................................... 12

7............ Determination that certain provisions do not apply ........................ 12

7A......... Breach of condition of a determination ............................................. 13

Part II--Administration                                                                                                      15

8............ General administration of Act .......................................................... 15

Part III--Authorisation to carry on insurance business                                  16

Division 1--Need to be authorised                                                                      16

9............ Persons other than bodies corporate and Lloyd's underwriters carrying on insurance business             16

10.......... Bodies corporate and Lloyd's underwriters carrying on insurance business            16

11.......... Meaning of general insurer .............................................................. 17

11A....... Injunctions ........................................................................................ 17

Division 2--Authorisation to carry on insurance business                     20

12.......... Obtaining an authorisation ................................................................ 20

13.......... Conditions on an authorisation ......................................................... 21

14.......... Breach of authorisation conditions ................................................... 22

Division 3--Revocation of an authorisation                                                    23

15.......... When APRA may revoke an authorisation ...................................... 23

16.......... When APRA must revoke a general insurer's authorisation ............ 24

17.......... Assignment of liabilities to enable revocation .................................. 25

Division 3A--Transfer and amalgamation of insurance business        28

17A....... Interpretation .................................................................................... 28

17B....... Transfer or amalgamation of insurance business .............................. 28

17C....... Steps to be taken before application for confirmation ..................... 29

17D....... Actuarial report on scheme ............................................................... 29

17E........ Application to Court ........................................................................ 30

17F........ Confirmation of scheme .................................................................... 30

17G....... Effect of confirmation etc. ................................................................ 30

17H....... Costs of actuary's report ................................................................. 31

17I......... Documents to be lodged in case of transfer or amalgamation ........... 31

Division 4--Authorisation to be a NOHC of a general insurer            32

18.......... Authorisation to be a NOHC ........................................................... 32

19.......... Conditions on a NOHC authorisation .............................................. 32

20.......... Breach of conditions on a NOHC authorisation ............................... 33

21.......... When APRA may revoke a NOHC authorisation ............................ 34

22.......... When APRA must revoke a NOHC authorisation ........................... 35

23.......... Publication of list of authorised NOHCs ......................................... 36

Division 5--Directors, senior managers and other representatives of general insurers and authorised NOHCs                                                                                                     37

24.......... Disqualified persons must not act for general insurers or authorised NOHCs         37

25.......... Who is a disqualified person? ........................................................... 39

25A....... Court power of disqualification ........................................................ 40

26.......... Court power to revoke or vary a disqualification etc. ...................... 42

27.......... APRA may remove a director or senior manager of a general insurer, authorised NOHC or corporate agent         43

Division 6--Other matters                                                                                       46

28.......... General insurer must hold sufficient assets ...................................... 46

29.......... Change of name of a general insurer or authorised NOHC ............... 46

30.......... General insurer or authorised NOHC ceasing to exist ...................... 47

31.......... Effect of authorisation as a general insurer ....................................... 47

Part IIIA--Prudential supervision and monitoring of general insurers, authorised NOHCs and their subsidiaries                                                                                                             48

Division 1--The prudential standards                                                                48

32.......... APRA may determine prudential standards .................................... 48

34.......... Notification of prudential standards ................................................. 50

35.......... Obligation to comply with the prudential standards ........................ 50

Division 3--Monitoring of prudential matters                                               51

38.......... APRA to monitor prudential matters ............................................... 51

38AA.... Requirement to notify APRA of certain matters ............................. 51

Division 4--Protections in relation to information                                      54

Subdivision A--Protection for whistleblowers                                                     54

38A....... Disclosures qualifying for whistleblower protection ....................... 54

38B....... Whistleblower protection for disclosures that qualify ..................... 55

38C....... Victimisation of whistleblowers prohibited ..................................... 56

38D....... Right to compensation ...................................................................... 57

38E........ Confidentiality requirement for company, company officers and employees and auditors     57

Subdivision B--Self‑incrimination                                                                         59

38F........ Self‑incrimination .............................................................................. 59

Part IV--Auditors, actuaries and accounts                                                             60

Division 1--The auditor and actuary of a general insurer                       60

39.......... Requirement for general insurers to have an auditor and actuary ..... 60

41.......... Compliance with prudential standards ............................................. 60

43.......... When a person stops holding an appointment ................................. 60

43A....... Disqualified persons must not act as auditor or actuary of general insurer              61

44.......... Court power of disqualification ........................................................ 62

45.......... Court power to revoke or vary a disqualification etc. ...................... 63

46.......... Notification of appointment as an auditor or actuary ...................... 64

48.......... Referring matters to professional associations for auditors and actuaries                64

Division 2--Provision of information to APRA                                             66

49.......... Duty of auditors and actuaries to give information when required .. 66

49A....... Additional duty of auditors and actuaries to give information ......... 66

49B....... Auditor or actuary may give information to APRA ......................... 70

49C....... Indemnity ......................................................................................... 70

Division 3--Actuarial investigation required by APRA                            71

49E........ Actuarial investigation of liabilities .................................................. 71

49F........ Offence for contravening section 49E ............................................... 72

49G....... Who can be appointed as a section 49E actuary .............................. 73

49H....... Delegate's decision to extend time for providing actuary's report ... 73

Division 4--Role of auditor and actuary of a general insurer                74

49J........ Auditor's role ................................................................................... 74

49K....... Actuary's role ................................................................................... 74

49L........ Lodgment of auditor's certificate and actuary's reports .................. 75

Division 5--Accounts                                                                                                  76

49Q....... Keeping of accounting records .......................................................... 76

Division 6--Removal of auditors and actuaries                                             77

49R....... APRA may direct removal of auditor or actuary ............................. 77

Part V--Investigations of general insurers etc.                                                   79

50.......... Interpretation .................................................................................... 79

52.......... Investigation of general insurer, authorised NOHC or subsidiary by APRA or inspector      80

54.......... Entry on premises ............................................................................ 83

55.......... Powers of APRA or inspector ......................................................... 83

56.......... Persons to comply with requirements of APRA or the inspector ... 84

57.......... Person may be represented by a legal practitioner ........................... 85

58.......... Notes of examination of person ........................................................ 85

59.......... Delegation ......................................................................................... 86

60.......... Report of APRA or the inspector .................................................... 86

61.......... Offences ............................................................................................ 88

Part VA--Investigations of unauthorised insurance                                          89

62A....... Investigations relating to contraventions of section 9 or 10 etc. ...... 89

62B....... Access to premises ........................................................................... 89

62C....... Powers of APRA or inspector ......................................................... 90

62D....... Persons to comply with requirements of APRA or the inspector ... 91

62E........ Person may be represented by a legal practitioner ........................... 92

62F........ Notes of examination of person ........................................................ 92

62G....... Delegation ......................................................................................... 92

62H....... Investigations to be completed within a reasonable time ................. 93

62J........ Report of the inspector .................................................................... 93

Part VB--Judicial management, other external administration and winding up      94

Division 1--Judicial management of general insurers                              94

62K....... Application for order for judicial management ................................. 94

62L........ Order for judicial management after investigation ............................ 94

62M...... Order for judicial management on other grounds .............................. 95

62N....... Commencement of judicial management ........................................... 95

62P........ Stay of proceedings during judicial management .............................. 96

62Q....... No judicial management except in accordance with this Act ............ 96

62R....... Appointment of judicial manager ..................................................... 96

62S........ Remuneration of judicial manager ..................................................... 96

62T....... Management vests in judicial manager .............................................. 97

62U....... Effect on external administrator of judicial manager managing general insurer          97

62V....... Judicial manager being in control not ground for denying obligation 98

62W...... Continued application of other Parts of Act .................................... 98

62X....... Federal Court's control of judicial manager ...................................... 98

62Y....... Powers of judicial manager ............................................................... 99

62Z....... Judicial manager's additional powers to facilitate recapitalisation . 100

62ZA.... Considering report before acting under section 62Z ....................... 101

62ZB..... Act under section 62Z not ground for denying obligation .............. 103

62ZC..... Application by APRA for instructions to judicial manager ........... 104

62ZD.... Request by APRA for information ................................................ 104

62ZE..... Duration of judicial management .................................................... 104

62ZF..... Cancellation of judicial management ............................................... 104

62ZG.... How judicial manager is to manage ................................................. 105

62ZH.... Disclaimer of onerous property ..................................................... 105

62ZI...... Report by judicial manager ............................................................. 106

62ZJ...... Order of Federal Court on report of judicial manager ..................... 107

62ZK.... Transfer of business to another general insurer .............................. 108

62ZL..... Resignation ..................................................................................... 108

62ZM... Immunity ........................................................................................ 108

62ZN.... Exceptions to Part IV of the Trade Practices Act 1974 .................. 109

62ZO.... Limited application of Division to foreign general insurers ............ 109

Division 2--Extra provisions relating to external administration of general insurers   110

62ZP..... Relationship of this Division with Chapter 5 of the Corporations Act 2001           110

62ZQ.... Involving APRA in applications to appoint external administrators of general insurers         110

62ZR..... Involving APRA in applications by liquidator ............................... 111

62ZS..... Application by APRA for directions ............................................. 111

62ZT..... APRA may request information from liquidator ............................ 111

Division 3--Extra provisions for winding up general insurers           112

62ZU.... Order to wind up general insurer on APRA's application ............. 112

62ZV..... Relationship with the Corporations Act 2001 ................................ 112

Part VC--Financial claims scheme for policyholders with insolvent general insurers         113

Division 1--Preliminary                                                                                           113

62ZW.... Purpose of this Part ........................................................................ 113

62ZX.... APRA's functions relating to this Part .......................................... 113

62ZY..... Determination that policies are not protected policies ................... 113

62ZZ..... Determination that persons do not have entitlements .................... 114

62ZZA.. Allowing extra time for claims ........................................................ 114

62ZZB.. Approval of forms .......................................................................... 114

Division 2--Declaration of general insurer                                                   115

62ZZC.. Declaration that Division 3 applies in relation to general insurer ... 115

62ZZD.. Advice and information for decision on making declaration ........... 116

62ZZE.. APRA may advise Minister of its belief of insolvency ................. 117

Division 3--Early payment of claims                                                                 118

62ZZF.. Entitlement to payment of claimant under protected policy ......... 118

62ZZG.. Entitlement to payment of third party ........................................... 119

62ZZH.. Entitlement on basis of notionally extended cover ......................... 120

62ZZI... APRA must determine insurer's liability in respect of claim ......... 120

62ZZJ... Determinations APRA must make on application ......................... 121

62ZZK.. Payment .......................................................................................... 122

62ZZKA....................... Giving information about payments in a financial year   122

62ZZL.. Substitution of APRA as insurer's creditor ................................... 123

62ZZM. Meeting of entitlement taken to be payment by insurer ................ 123

Division 4--Administration                                                                                    125

62ZZN.. APRA to try to ensure awareness of making of claims .................. 125

62ZZO.. Requiring assistance ........................................................................ 125

62ZZP.. Obtaining information relevant to determining and paying entitlements 125

62ZZQ.. Enforcing requirement to give information ..................................... 127

62ZZR.. Obtaining further information from claimant or applicant ............. 128

62ZZS... Recovery of overpayments ............................................................ 129

62ZZT.. APRA may delegate functions and powers under this Part ........... 129

62ZZU.. APRA's costs of administration .................................................... 129

Division 5--Exceptions to Part IV of the Trade Practices Act 1974 131

62ZZV.. Exceptions to Part IV of the Trade Practices Act 1974 .................. 131

Part VI--Review of decisions                                                                                       132

63.......... Review of certain decisions ............................................................ 132

64.......... Statements to accompany notification of decisions ....................... 134

Part VII--Lloyd's                                                                                                                135

Division 1--Preliminary                                                                                           135

65.......... Simplified outline ............................................................................ 135

66.......... Definitions ...................................................................................... 136

Division 2--Security trust fund arrangements                                             137

67.......... Security trust funds ........................................................................ 137

68.......... Security trust fund arrangements .................................................... 137

69.......... Designated security trust funds ...................................................... 139

70.......... Rules about designated security trust funds ................................... 139

71.......... Transfers to trustee of security trust fund--presumption of regularity 140

72.......... When security trust fund constitutes an adequate security for the class of insurance liabilities secured by the fund ........................................................................................................ 140

73.......... Affairs of security trust fund ......................................................... 140

Division 3--General powers of APRA                                                             141

74.......... APRA may direct that Lloyd's underwriters must not issue or renew policies      141

75.......... Actuarial investigation of adequacy of security provided by designated security trust funds                 142

76.......... Provision for liabilities in the accounts of designated security trust funds              143

Division 4--Investigations                                                                                     145

Subdivision A--Inquiries and directions by APRA                                           145

77.......... Inquiries by APRA ......................................................................... 145

78.......... Direction not to deal with certain assets ........................................ 145

Subdivision B--Investigations                                                                               147

79.......... Investigation of designated security trust fund by APRA or inspector   147

80.......... Entry on premises .......................................................................... 148

81.......... Powers of APRA or the inspector to obtain information etc. ........ 148

82.......... Persons to comply with requirements of APRA or the inspector . 149

83.......... Person may be represented by a legal practitioner ......................... 150

84.......... Notes of examination of person ...................................................... 150

85.......... Delegation ....................................................................................... 151

86.......... Report of APRA or the inspector .................................................. 151

Subdivision C--Offences                                                                                        153

87.......... Offences .......................................................................................... 153

Division 5--Judicial trusteeship of designated security trust funds 154

88.......... Application for order for judicial trusteeship ................................. 154

89.......... Grounds for order for judicial trusteeship ...................................... 154

90.......... Commencement of judicial trusteeship ........................................... 155

91.......... Stay of proceedings during judicial trusteeship .............................. 155

92.......... Appointment of judicial trustee ..................................................... 156

92A....... Terms and conditions of appointment of judicial trustee ............... 156

92B....... Property vesting orders .................................................................. 157

92C....... Powers of judicial trustee ............................................................... 158

92D....... Court's control of judicial trustee ................................................... 158

92E........ Direction not to deal with certain assets ........................................ 159

92F........ Provision for liabilities in the accounts of designated security trust funds              159

92G....... Application by APRA for instructions to judicial trustee ............. 160

92H....... Request by APRA for information ................................................ 160

92J........ Duration of judicial trusteeship ...................................................... 160

92K....... Cancellation of judicial trusteeship ................................................. 160

92L........ Report by judicial trustee ............................................................... 161

92M...... Judicial trustee may formulate a scheme for the winding‑up or dissolution, or both, of a designated security trust fund ........................................................................................................ 162

92N....... Resignation ..................................................................................... 163

92P........ Indemnity ....................................................................................... 163

92Q....... Security deposit .............................................................................. 164

92R....... Application of security deposit--costs of judicial trusteeship of designated security trust fund           165

92S........ Return of security deposit .............................................................. 166

Division 6--Authorisation of Lloyd's underwriters                                  167

93.......... Lloyd's underwriters ...................................................................... 167

Division 7--Miscellaneous                                                                                     170

94.......... Trustee of designated security trust fund not to be treated as carrying on insurance business                170

94A....... Injunctions ...................................................................................... 170

95.......... Agent of Lloyd's ............................................................................ 171

96.......... Address for service ......................................................................... 171

97.......... Lloyd's to give notice of by‑laws ................................................... 172

98.......... Part does not authorise Lloyd's underwriter to carry on any business the underwriter could not otherwise have carried on .................................................................................................... 172

Part VIII--Effect of Act on other laws                                                                    173

99.......... Operation of State and Territory laws on section 10 ..................... 173

100........ Act not to affect certain State and Territory laws .......................... 173

102........ Laws about accounts or accounting records ................................... 174

103........ Parts V and VA not to affect operation of certain laws ................. 174

Part IX--Directions                                                                                                            175

104........ APRA may give directions in certain circumstances ...................... 175

105........ Direction not grounds for denial of obligations .............................. 179

106........ Supply of information about issue and revocation of directions .... 180

107........ Secrecy requirements ...................................................................... 181

108........ Non‑compliance with a direction .................................................... 181

Part X--Miscellaneous                                                                                                     183

115........ Power to require production of information, books, accounts or documents           183

115AA.. Information relating to contraventions of section 9 or 10 etc. ........ 184

115AB.. Persons to comply with requirements of APRA or authorised person .. 184

115A..... Access to premises ......................................................................... 185

116........ General insurer not to carry on insurance business after start of winding up          186

116A..... Assets and liabilities in Australia ................................................... 187

117........ Address for service in Australia ..................................................... 189

118........ Agent in Australia ........................................................................... 189

120........ Saving if section 93 ceases to have effect ....................................... 191

121........ Service of documents and notices ................................................... 191

122........ Register to be kept .......................................................................... 192

123........ Inspection of Register and auditors' certificates ............................ 192

124........ Evidence and judicial notice ............................................................ 193

125........ APRA Act secrecy provisions apply ............................................ 193

126........ Acceptance and enforcement of undertakings ................................ 193

127........ Severability ..................................................................................... 194

127A..... Compensation for acquisition of property ..................................... 195

128........ Signing of documents ...................................................................... 195

128A..... Continuing offences ........................................................................ 195

129........ Time for bringing proceedings ........................................................ 196

129A..... Joinder of charges and penalties for certain offences ...................... 196

129C..... General insurers must comply with determinations of the Superannuation Complaints Tribunal          197

129D..... Injunctions ...................................................................................... 197

129E...... Civil penalties ................................................................................. 200

130........ Preparation of forms ....................................................................... 200

131........ Costs of investigations ................................................................... 200

131A..... Authorising contracts etc. for protecting policyholders' interests and financial system stability           200

131B..... Borrowing funds for payments under authorised contracts etc. .... 202

132........ Regulations ..................................................................................... 202

Schedule 1--Civil penalties                                                                                            204

Part 1--Contravention of a civil penalty provision                                           204

1............ Federal Court may order person to pay pecuniary penalty for contravening civil penalty provision     204

2............ Contravening a civil penalty provision is not an offence ............... 205

3............ Persons involved in contravening civil penalty provision .............. 205

4............ Recovery of a pecuniary penalty ................................................... 205

5............ Civil evidence and procedure rules for pecuniary penalty orders .. 205

Part 2--Civil penalty proceedings and criminal proceedings                      206

6............ Civil proceedings after criminal proceedings .................................. 206

7............ Criminal proceedings during civil proceedings ................................ 206

8............ Criminal proceedings after civil proceedings .................................. 206

9............ Evidence given in proceedings for penalty not admissible in criminal proceedings 206

Notes                                                                                                                                           209


An Act relating to Insurance

  

Notes to the Insurance Act 1973

Note 1

The Insurance Act 1973 as shown in this compilation comprises Act No. 76, 1973 amended as indicated in the Tables below.

For application, saving or transitional provisions made by the Corporations (Repeals, Consequentials and Transitionals) Act 2001, see Act No. 55, 2001.

All relevant information pertaining to application, saving or transitional provisions prior to 30 June 1997 is not included in this compilation. For subsequent information see Table A.

Table of Acts

Act

Number
and year

Date
of Assent

Date of commencement

Application, saving or transitional provisions

Insurance Act 1973

76, 1973

19 June 1973

Parts I and II
(ss. 1-20): Royal Assent
Ss. 44 and 109:
23 Nov 1973 (see Gazette 1973,
No. 176)
S. 113(1)-(3):
3 Nov 1980 (see Gazette 1980,
No. S200)
S. 132: 1 Aug 1973 (see Gazette 1973, No. 92B)
Remainder: 1 Aug 1974 (see Gazette 1974, No. 62)

 

Statute Law Revision Act 1973

216, 1973

19 Dec 1973

31 Dec 1973

Ss. 9(1) and 10

Federal Court of Australia (Consequential Provisions) Act 1976

157, 1976

9 Dec 1976

1 Feb 1977 (see
s. 2 and Gazette 1977, No. S3)

--

Insurance Amendment Act 1977

31, 1977

18 May 1977

Ss. 3, 12, 13(2), (3), 14, 16-18, 20,
22-25, 27(2), 28, 35 and 38: 28 June 1977 (see Gazette 1977, No. S114)
S. 4(1): 1 Feb 1975
S. 4(2): 13 Dec 1976
S. 4(3): 14 Nov 1977 (see Gazette 1977, No. S244)
Ss. 27(1), 29 and 30: 1 Aug 1974
Remainder: Royal Assent

Ss. 13(3), 15(2) and

2 style='margin-top:0cm'>24(2)-(7)

Companies (Miscellaneous Amendments) Act 1981

92, 1981

18 June 1981

Part X (ss. 25-35): 1 July 1982 (see Gazette 1982,
No. S124) (a)

--

Census and Statistics Amendment Act (No. 2) 1981

177, 1981

8 Dec 1981

1 Mar 1983 (see Gazette 1983,
No. S36)

--

as amended by

 

 

 

 

Statute Law (Miscellaneous Amendments) Act
(No. 1) 1982

26, 1982

7 May 1982

Part XI (ss. 73-75): 1 Mar 1983 (see Gazette 1983,
No. S36) (b)

--

Health Legislation Amendment Act 1983

54, 1983

1 Oct 1983

Part V (s. 132):
1 Feb 1984 (c)

--

Insurance Amendment Act 1983

129, 1983

22 Dec 1983

S. 3(c): (d)
S. 24: 1 Oct 1985 (see Gazette 1985, No. S310)
Remainder: 19 Jan 1984

Ss. 8(2), 10(2), 14(2), 15(2), 24(2), 27(2) and 44-48

as amended by

 

 

 

 

Statute Law (Miscellaneous Provisions) Act (No. 1) 1984

72, 1984

25 June 1984

S. 3: (e)

S. 5(1)

Insurance Legislation Amendment Act 1989

16, 1989

20 Apr 1989

(see 16, 1989 below)

--

Statute Law (Miscellaneous Provisions) Act (No. 1) 1984

72, 1984

25 June 1984

S. 3: 23 July 1984 (f)

S. 5(1)

Australian Trade Commission (Transitional Provisions and Consequential Amendments) Act 1985

187, 1985

16 Dec 1985

Part VIII (s. 60):
6 Jan 1986 (see Gazette 1985,
No. S551) (g)

--

Statute Law (Miscellaneous Provisions) Act (No. 2) 1986

168, 1986

18 Dec 1986

S. 3: Royal Assent (h)

Ss. 5(1) and 6(3), (4)

Insurance and Superannuation Commissioner (Consequential Provisions) Act 1987

99, 1987

5 Nov 1987

23 Nov 1987 (see Gazette 1987,
No. S310)

Ss. 32 and 33

Statute Law (Miscellaneous Provisions) Act 1988

38, 1988

3 June 1988

S. 3: Royal Assent (i)

S. 5(1)

Industrial Relations (Consequential Provisions) Act 1988

87, 1988

8 Nov 1988

Ss. 1 and 2: Royal Assent
Remainder: 1 Mar 1989 (see s. 2(2) and Gazette 1989, No. S53)

--

Insurance Legislation Amendment Act 1989

16, 1989

20 Apr 1989

Ss. 5, 6, 9-18, 22(2), 23, 26(a), 27-32, 33(a), 34(2), 38, 39, 45(a), (b), (d), 47 and 48: 20 Oct 1989
Remainder: 18 May 1989

--

Insurance Amendment Act 1991

32, 1991

20 Mar 1991

20 Mar 1991

--

Export Finance and Insurance Corporation (Transitional Provisions and Consequential Amendments) Act 1991

149, 1991

21 Oct 1991

1 Nov 1991

--

Insurance Laws Amendment Act 1991

1, 1992

6 Jan 1992

6 Jan 1992

Ss. 28-35

Insurance Acquisitions and Takeovers Act 1991

6, 1992

6 Jan 1992

15 Mar 1992 (see Gazette 1992,
No. S72)

--

Corporate Law Reform Act 1992

210, 1992

24 Dec 1992

S. 125: 23 June 1993 (see Gazette 1993, No. S186) (j)

--

CSL Sale Act 1993

88, 1993

30 Nov 1993

Part 1 (ss. 1-4),
ss. 7 and 47: Royal Assent
Ss. 5 and 6: 22 Feb 1991
Remainder: 3 June 1994 (see Gazette 1994, No. S209)

--

Insurance Laws Amendment Act 1994

48, 1994

7 Apr 1994

Ss. 1-3, 10 and 40: Royal Assent
S. 41: 6 Jan 1992
Remainder: 1 Oct 1994 (see Gazette 1994, No. GN38)

Ss. 7-9

Life Insurance (Consequential Amendments and Repeals) Act 1995

5, 1995

23 Feb 1995

1 July 1995 (see
s. 2 and Gazette 1995, No. GN24)

--

Superannuation Industry (Supervision) Legislation Amendment Act 1995

144, 1995

12 Dec 1995

Schedule 1: Royal Assent (k)

--

Workplace Relations and Other Legislation Amendment Act 1996

60, 1996

25 Nov 1996

Schedule 19 (item 21): Royal Assent (l)

S. 2(2) and (6) (am. by 77, 1996, Sch. 3 [items 1, 2])

as amended by

 

 

 

 

Workplace Relations and Other Legislation Amendment Act (No. 2) 1996

77, 1996

19 Dec 1996

Schedule 3 (items 1, 2): (m)

--

Retirement Savings Accounts (Consequential Amendments) Act 1997

62, 1997

28 May 1997

2 June 1997 (see s. 2 and Gazette 1997, No. S202)

--

Financial Laws Amendment Act 1997

107, 1997

30 June 1997

Schedule 5: Royal Assent (n)

Sch. 5 (items 17, 26, 123) [see Table A]

Insurance Laws Amendment Act 1998

35, 1998

22 Apr 1998

Schedule 1: 30 Apr 1998 (see Gazette 1998, No. S188)
Schedule 2 (items 1-26,
28-32): 1 July 2000 (see Gazette 2000, No. GN25)
Remainder: Royal Assent

Sch. 1 (items
30-34), and
Sch. 2 (items
25-27)
[see  Table A]

Financial Sector Reform (Consequential Amendments) Act 1998

48, 1998

29 June 1998

Schedule 1 (items 98-113): 1 July 1998 (see Gazette 1998, S316) (o)

--

Financial Sector Reform (Amendments and Transitional Provisions) Act 1998

54, 1998

29 June 1998

Schedule 9 (Parts 1, 2): 1 July 1998 (see Gazette 1998, S316) (p)
Schedule 9 (Parts 3, 4): (p)

--

Company Law Review Act 1998

61, 1998

29 June 1998

Schedule 4 (items 11, 12): 1 July 1998 (see Gazette 1998, No. S317) (q)
Schedule 5 (item 33): (q)

S. 2(5) (am. by 63, 1998, Sch. 7)

as amended by

 

 

 

 

Taxation Laws Amendment (Company Law Review) Act 1998

63, 1998

29 June 1998

Schedule 7: (r)

--

Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999

44, 1999

17 June 1999

Schedule 7 (items 106-113): 1 July 1999 (see Gazette 1999, No. S283) (s)
Schedule 8 (items 1-9, 22): Royal Assent (s)

Sch. 8 (items
1-9, 22)
S. 3(2)(e) (am. by 160, 2000, Sch. 4 [item 4])
[see Table A]

as amended by

 

 

 

 

Financial Sector Legislation Amendment Act (No. 1) 2000

160, 2000

21 Dec 2000

Schedule 1 (item 21): Royal Assent
Remainder: 18 Jan 2001

--

Criminal Code Amendment (Theft, Fraud, Bribery and Related Offences) Act 2000

137, 2000

24 Nov 2000

Ss. 1-3 and Schedule 1 (items 1, 4, 6, 7, 9-11, 32): Royal Assent
Remainder: 24 May 2001

Sch. 2 (items
418, 419) [see Table A]

Treasury Legislation Amendment (Application of Criminal Code) Act (No. 1) 2001

31, 2001

28 Apr 2001

Ss. 1-3, Schedule 1 (items 1-4) and Schedule 2: Royal Assent
Schedule 1 (items 171, 172): 18 Jan 2001
Remainder: 15 Dec 2001

--

as amended by

 

 

 

 

Treasury Legislation Amendment (Application of Criminal Code) Act (No. 3) 2001

117, 2001

18 Sept 2001

Schedule 2 (item 1): (t)

--

Corporations (Repeals, Consequentials and Transitionals) Act 2001

55, 2001

28 June 2001

Ss. 4-14 and Schedule 3 (items 277-290): 15 July 2001 (see Gazette 2001, No. S285) (u)

Ss. 4-14 [see Note 1]

as amended by

 

 

 

 

Financial Sector Legislation Amendment Act (No. 1) 2003

116, 2003

27 Nov 2003

Schedule 4 (item 2): (ua)

--

General Insurance Reform Act 2001

119, 2001

19 Sept 2001

Schedules 1 and 3: 1 July 2002
Remainder: Royal Assent

Sch. 2 (items
1-4, 6-11)
Sch. 2 (item 5) (am. by 37, 2002, Sch. 4 [item 18]) [see Table A]

as amended by

 

 

 

 

Financial Sector Legislation Amendment Act (No. 1) 2002

37, 2002

26 June 2002

(see 37, 2002 below)

--

Statute Law Revision Act 2005

100, 2005

6 July 2005

Schedule 2 (item 19): (ub)

--

Financial Sector (Collection of Data--Consequential and Transitional Provisions) Act 2001

121, 2001

24 Sept 2001

Ss. 1-3: Royal Assent
Remainder: 1 July 2002 (see s. 2 and Gazette 2002, No. GN24)

Sch. 2 (item 45) and Sch. 3 [see Table A]

Financial Services Reform (Consequential Provisions) Act 2001

123, 2001

27 Sept 2001

Schedule 1 (items 240-244): 11 Mar 2002 (see Gazette 2001, No. GN42) (v)

--

Financial Sector Legislation Amendment Act (No. 1) 2002

37, 2002

26 June 2002

Schedule 4 (items 1-17): (w)
Schedule 4 (item 18): (w)
Remainder: 27 June 2002

--


Workplace Relations Legislation Amendment (Registration and Accountability of Organisations) (Consequential Provisions) Act 2002

105, 2002

14 Nov 2002

Schedule 3 (item 52): 12 May 2003 (see s. 2 and Gazette 2002, No. GN49)

--

Medical Indemnity (Prudential Supervision and Product Standards) (Consequential Amendments) Act 2003

36, 2003

2 May 2003

1 July 2003

--

Australian Prudential Regulation Authority Amendment Act 2003

42, 2003

24 June 2003

Ss. 1-3: Royal Assent
Remainder: 1 July 2003 (see s. 2(1) and Gazette 2003, No. S230)

Sch. 3 [see Table A]

Financial Sector Legislation Amendment Act (No. 1) 2003

116, 2003

27 Nov 2003

Schedule 5: 28 Nov 2003

--

as amended by

 

 

 

 

Statute Law Revision Act 2005

100, 2005

6 July 2005

Schedule 2 (item 12): (x)

--

Administrative Appeals Tribunal Amendment Act 2005

38, 2005

1 Apr 2005

Schedule 1 (items 219, 220): 16 May 2005

--

Statute Law Revision Act 2005

100, 2005

6 July 2005

Schedule 1 (item 27): (y)

--

Statute Law Revision Act 2007

8, 2007

15 Mar 2007

Schedule 4 (item 17): Royal Assent

--

Private Health Insurance (Transitional Provisions and Consequential Amendments) Act 2007

32, 2007

30 Mar 2007

Schedule 2 (item 53): 1 Apr 2007 (see s. 2(1))

--

Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007

149, 2007

24 Sept 2007

Schedule 2: 1 July 2008
Schedule 3: 22 Oct 2007
Remainder: Royal Assent

Sch. 2 (item 7) [see Table A]

as amended by

 

 

 

 

Financial Sector Legislation Amendment (Review of Prudential Decisions) Act 2008

25, 2008

26 May 2008

Schedule 1 (item 71): (z)
Schedule 3 (items 65, 66): (z)

--

Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007

154, 2007

24 Sept 2007

Schedule 1 (items 53-66, 292, 296) and Schedule 4 (items 43-50): Royal Assent
Schedule 1 (items 177-188): 1 Jan 2008

Sch. 1 (items 292, 296) [see Table A]

Financial Sector Legislation Amendment (Review of Prudential Decisions) Act 2008

25, 2008

26 May 2008

Schedule 1 (items 10-21), Schedule 2 (items 7-16), Schedule 3 (items 1-27,
44-64) and Schedule 4 (items 18-27, 43): Royal Assent
Schedule 1 (items 72-83): (z)
Schedule 3 (items 39-43): (z)
Schedule 3 (item 67): (z)

Sch. 1 (item 21), Sch. 2 (item 16), Sch. 3 (item 27) and Sch. 4 (item 43) [see Table A]

Private Health Insurance Legislation Amendment Act 2008

54, 2008

25 June 2008

25 June 2008

--

Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008

105, 2008

17 Oct 2008

Schedule 1 (items 18-34, 62): (za)
Schedule 3 (items 1-26): 18 Oct 2008

Sch. 1 (item 62) and Sch. 3 (items 8, 10, 12, 15, 17) [see Table A]

Tax Laws Amendment (2009 Measures No. 2) Act 2009

42, 2009

23 June 2009

Schedule 1 (items 30-33): Royal Assent

Sch. 1 (item 31) [see Table A]

Fair Work (State Referral and Consequential and Other Amendments) Act 2009

54, 2009

25 June 2009

Schedule 18 (item 11): (zb)

--

Financial Sector Legislation Amendment (Enhancing Supervision and Enforcement) Act 2009

75, 2009

27 Aug 2009

Schedule 1 (item 215): [see Note 2]
Schedule 2 (items 7, 14): 28 Aug 2009

Sch. 2 (item 14) [see Table A]


(a)     The Insurance Act 1973 was amended by Part X (sections 25-35) only of the Companies (Miscellaneous Amendments) Act 1981, subsection 2(3) of which provides as follows:

                 (3)   The provisions of this Act other than the provisions referred to in subsections (1) and (2) shall come into operation on the day on which the Companies Act 1981 comes into operation.

(b)    The Census and Statistics Amendment Act (No. 2) 1981 was amended by Part XI (sections 73-75) only of the Statute Law (Miscellaneous Amendments) Act (No. 1) 1982, subsection 2(3) of which provides as follows:

                 (3)   Part XI shall come into operation, or shall be deemed to have come into operation, as the case requires, on the date of commencement of the Census and Statistics Amendment Act (No. 2) 1981.

(c)     The Insurance Act 1973 was amended by Part V (section 132) only of the Health Legislation Amendment Act 1983, subsection 2(2) of which provides as follows:

                 (2)   The remaining provisions of this Act shall come into operation on 1 February 1984.

(d)     Paragraph 3(c) of the Insurance Amendment Act 1983 was repealed by section 8 of the Insurance Legislation Amendment Act 1989 before a date was fixed for its commencement.

(e)     The Insurance Amendment Act 1983 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act (No. 1) 1984, subsection 2(14) of which provides as follows:

               (14)   The amendment of the Insurance Amendment Act 1983 made by this Act shall be deemed to have come into operation on 19 January 1984.

(f)      The Insurance Act 1973 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act (No. 1) 1984, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act shall come into operation on the twenty‑eighth day after the day on which it receives the Royal Assent.

(g)     The Insurance Act 1973 was amended by Part VIII (section 60) only of the Australian Trade Commission (Transitional Provisions and Consequential Amendments) Act 1985, subsection 2(1) of which provides as follows:

                 (1)   Subject to subsections (2) and (3), this Act shall come into operation on the commencing day.

         Section 3 of the Australian Trade Commission Act 1985 defines "commencing day" as the day fixed by Proclamation for the purposes of subsection 2(2) of that Act.

(h)     The Insurance Act 1973 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act (No. 2) 1986, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act shall come into operation on the day on which it receives the Royal Assent.

(i)      The Insurance Act 1973 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act 1988, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(j)      The Insurance Act 1973 was amended by section 125 only of the Corporate Law Reform Act 1992, subsection 2(3) of which provides as follows:

                 (3)   Subject to subsection (4), the remaining provisions of this Act commence on a day or days to be fixed by Proclamation.

(k)     The Insurance Act 1973 was amended by Schedule 1 only of the Superannuation Industry (Supervision) Legislation Amendment Act 1995, subsection 2(1) of which provides as follows:

                 (1)   Sections 1, 2 and 3, subsection 4(1), section 5, Schedules 1 and 2, items 1, 6, 10, 22 to 27, 30 to 33, 71 to 75 and 86 of Schedule 4 and items 1 to 7, 10 to 12, 25 to 71, 73 to 78, paragraphs (a), (b) and (c) of item 95, paragraphs (a) and (b) of item 96 and items 97 to 102 of Schedule 5 commence on the day on which this Act receives the Royal Assent.

(l)      The Insurance Act 1973 was amended by Schedule 19 (item 21) only of the Workplace Relations and Other Legislation Amendment Act 1996, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(m)    The Workplace Relations and Other Legislation Amendment Act 1996 was amended by Schedule 3 (items 1, 2) only of the Workplace Relations and Other Legislation Amendment Act (No. 2) 1996, subsection 2(4) of which provides as follows:

                 (4)   The items of Schedule 3 are taken to have commenced immediately after the Workplace Relations and Other Legislation Amendment Act 1996 received the Royal Assent.

         The Workplace Relations and Other Legislation Amendment Act 1996 received the Royal Assent on 25 November 1996.

(n)     The Insurance Act 1973 was amended by Schedule 5 only of the Financial Laws Amendment Act 1997, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(o)     The Insurance Act 1973 was amended by Schedule 1 (items 98-113) only of the Financial Sector Reform (Consequential Amendments) Act 1998, subsection 2(2) of which provides as follows:

                 (2)   Subject to subsections (3) to (14), Schedules 1, 2 and 3 commence on the commencement of the Australian Prudential Regulation Authority Act 1998.

         The Australian Prudential Regulation Authority Act 1998 came into operation on 1 July 1998.

(p)     The Insurance Act 1973 was amended by Schedule 9 (items 1-197) only of the Financial Sector Reform (Amendments and Transitional Provisions) Act 1998, subsections 2(2)(g) and (10) of which provide as follows:

                 (2)   The following provisions of this Act commence on the commencement of the Australian Prudential Regulation Authority Act 1998:

                              (g)   Schedule 9, subject to subsections (9) and (10);

               (10)   Parts 3 and 4 of Schedule 9 commence:

                              (b)   immediately after the commencement of item 5 of Schedule 2 to the Insurance Laws Amendment Act 1998 if the Australian Prudential Regulation Authority Act 1998 commences on or before the commencement of that item.

         The Australian Prudential Regulation Authority Act 1998 came into operation on 1 July 1998.

         Schedule 2 (other than item 27) to the Insurance Laws Amendment Act 1998 commenced on 1 July 2000 (see Gazette 2000, No. GN25).

(q)     The Insurance Act 1973 was amended by Schedule 4 (items 11 and 12) and Schedule 5 (item 33) only of the Company Law Review Act 1998, subsections 2(2) and (5) of which provide as follows:

                 (2)   Subject to subsection (3), section 3 and Schedules 1, 2, 3 and 4 commence on a day to be fixed by Proclamation.

                 (5)   Schedule 5 commences immediately after section 1 of the Taxation Laws Amendment (Company Law Review) Act 1998 commences.

         Section 1 of the Taxation Laws Amendment (Company Law Review) Act 1998 commences immediately after item 32 of Schedule 3 of the Taxation Laws Amendment (Company Law Review) Act 1998 commences.

         Item 32 of Schedule 3 commenced on 1 July 1998 (see Gazette 1998, No. S317).

(r)     The Company Law Review Act 1998 was amended by Schedule 7 only of the Taxation Laws Amendment (Company Law Review) Act 1998, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences on a day to be fixed by Proclamation.

                         However, if that day is the same day as the day on which Schedule 3 to the Company Law Review Act 1998 commences, this Act commences immediately after item 32 of that Schedule commences.

         Item 32 of Schedule 3 commenced on 1 July 1998 (see Gazette 1998, No. S317)

(s)     The Insurance Act 1973 was amended by Schedule 7 (items 106-113) only of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999, subsections 3(1), (2)(e) and (16) of which provide as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

                 (2)   The following provisions commence on the transfer date:

                      (e)   subject to subsection (12), Schedule 7, other than items 43, 44, 118, 205 and 207 (the commencement of those items is covered by subsections (10), (11) and (13)).

               (16)   The Governor‑General may, by Proclamation published in the Gazette, specify the date that is to be the transfer date for the purposes of this Act.

(t)      The Treasury Legislation Amendment (Application of Criminal Code) Act (No. 1) 2001 was amended by Schedule 2 (item 1) only of the Treasury Legislation Amendment (Application of Criminal Code) Act (No. 3) 2001, subsection 2(4) of which provides as follows:

                 (4)   Schedule 2 and Part 4 of Schedule 3 are taken to have commenced immediately after the commencement of item 14 of Schedule 1 to the Treasury Legislation Amendment (Application of Criminal Code) Act (No. 1) 2001.

         Item 14 of Schedule 1 commenced on 15 December 2001.

(u)     The Insurance Act 1973 was amended by Schedule 3 (items 277-290) only of the Corporations (Repeals, Consequentials and Transitionals) Act 2001, subsection 2(3) of which provides as follows:

                 (3)   Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.

(ua)   Subsection 2(1) (item 6) of the Financial Sector Legislation Amendment Act (No. 1) 2003 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

6.  Schedule 4, item 2

Immediately after the time specified in the Corporations (Repeals, Consequentials and Transitionals) Act 2001 for the commencement of item 284 of Schedule 3 to that Act

15 July 2001

(ub)  Subsection 2(1) (item 37) of the Statute Law Revision Act 2005 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Provision(s)

Commencement

Date/Details

37.  Schedule 2, item 19

Immediately after the time specified in the General Insurance Reform Act 2001 for the commencement of Schedule 1 to that Act.

1 July 2002

(v)     The Insurance Act 1973 was amended by Schedule 1 (items 240-244) only of the Financial Services Reform (Consequential Provisions) Act 2001, subsections 2(1) and (6) of which provide as follows:

                 (1)   In this section :

                         FSR commencement means the commencement of item 1 of Schedule 1 to the Financial Services Reform Act 2001.

                 (6)   Subject to subsections (7) to (17), the other items of Schedule 1 commence on the FSR commencement.

(w)    Subsection 2(1) (items 3 and 4) of the Financial Sector Legislation Amendment Act (No. 1) 2002 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.

 

Provision(s)

Commencement

Date/Details

3.  Schedule 4, items 1 to 17

Immediately after the commencement of Schedule 1 to the General Insurance Reform Act 2001.

1 July 2002

4  Schedule 4, item 18

Immediately after the commencement of Schedule 2 to the General Insurance Reform Act 2001.

19 September 2001

(x)     Subsection 2(1) (item 32) of the Statute Law Revision Act 2005 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Provision(s)

Commencement

Date/Details

32.  Schedule 2, item 12

Immediately after the time specified in the Financial Sector Legislation Amendment Act (No. 1) 2003 for the commencement of Schedule 5 to that Act.

28 November 2003

(y)     Subsection 2(1) (item 17) of the Statute Law Revision Act 2005 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Provision(s)

Commencement

Date/Details

17.  Schedule 1, item 27

After the commencement of both Schedule 1 to the General Insurance Reform Act 2001 and Schedule 2 to the Financial Sector (Collection of Data--Consequential and Transitional Provisions) Act 2001.

1 July 2002

(z)     Subsection 2(1) (items 3, 4, 7, 9 and 10) of the Financial Sector Legislation Amendment (Review of Prudential Decisions) Act 2008 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Provision(s)

Commencement

Date/Details

3.  Schedule 1, item 71

Immediately before the commencement of items 9A, 9B, 9D, 9E, 9F and 9G of Schedule 2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007.

However, the provision(s) do not commence at all if those items commence before the day on which this Act receives the Royal Assent.

1 July 2008

4.  Schedule 1, items 72 to 83

The later of:

(a)  the start of the day on which this Act receives the Royal Assent; and

(b)  immediately after the commencement of Schedule 2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007.

However, the provision(s) do not commence at all if the event mentioned in paragraph (b) does not occur.

1 July 2008

(paragraph (b) applies)

7.  Schedule 3, Part 2, Division 1

The day on which this Act receives the Royal Assent.

However, the provision(s) do not commence at all if items 8 and 13 to 33 of Schedule 2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007 have not commenced before that day.

Does not commence

9.  Schedule 3, items 65 and 66

Immediately before the commencement of items 8 and 13 to 33 of Schedule 2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007.

However, the provision(s) do not commence at all if those items commence before the day on which this Act receives the Royal Assent.

1 July 2008

10.  Schedule 3, item 67

Immediately after the commencement of item 5 of Schedule 2 to the Financial Sector Legislation Amendment (Discretionary Mutual Funds and Direct Offshore Foreign Insurers) Act 2007.

However, the provision(s) do not commence at all if that item commences before the day on which this Act receives the Royal Assent.

1 July 2008

(za)   Subsection 2(1) (items 2 and 3) of the Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Provision(s)

Commencement

Date/Details

2.  Schedule 1

Immediately after the provision(s) covered by table item 3.

18 October 2008

3.  Schedules 2 to 5

The day after this Act receives the Royal Assent.

18 October 2008

(zb)  Subsection 2(1) (item 41) of the Fair Work (State Referral and Consequential and Other Amendments) Act 2009 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Provision(s)

Commencement

Date/Details

41.  Schedule 18

Immediately after the commencement of Part 2‑4 of the Fair Work Act 2009.

1 July 2009


Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted

Provision affected

How affected

Part I

 

S. 2A...................................

ad. No. 119, 2001

 

am. No. 105, 2008

S. 3......................................

am. No. 216, 1973; No. 157, 1976; No. 31, 1977; No. 92, 1981; Nos. 54 and 129, 1983; No. 99, 1987; No. 87, 1988; No. 16, 1989; No. 1, 1992; No. 5, 1995; No. 60, 1996; Nos. 62 and 107, 1997; Nos. 35, 48 and 54, 1998; No. 44, 1999; Nos. 55, 119, 121 and 123, 2001; No. 105, 2002; No. 42, 2003; Nos. 32, 149 and 154, 2007; Nos. 25, 54 and 105, 2008; No. 54, 2009

S. 3A...................................

ad. No. 1, 1992

 

am. No. 54, 1998

 

rep. No. 119, 2001

 

ad. No. 149, 2007 (as rs. by No. 25, 2008)

Heading to s. 4....................

rs. No. 119, 2001

S. 4......................................

am. No. 92, 1981; No. 72, 1984

 

rs. No. 107, 1997

 

am. Nos. 55 and 119, 2001

S. 5......................................

am. No. 31, 1977; No. 129, 1983; No. 187, 1985; No. 38, 1988; No. 149, 1991; No. 88, 1993; No. 44, 1999; No. 119, 2001

S. 6......................................

rs. No. 216, 1973; No. 119, 2001

S. 7......................................

rs. No. 119, 2001

 

am. No. 154, 2007; No. 25, 2008

S. 7A...................................

ad. No. 119, 2001

Part II

 

S. 8......................................

rs. No. 99, 1987; No. 54, 1998

 

am. No. 123, 2001

Part III

 

Part III ..................................

rs. No. 119, 2001

Division 1

 

S. 9......................................

am. No. 129, 1983

 

rep. No. 99, 1987

 

ad. No. 119, 2001

S. 10....................................

rs. No. 31, 1977

 

rep. No. 99, 1987

 

ad. No. 119, 2001

S. 11....................................

rep. No. 99, 1987

 

ad. No. 119, 2001

S. 11A.................................

ad. No. 149, 2007

Division 2

 

S. 12....................................

am. No. 31, 1977

 

rep. No. 99, 1987

 

ad. No. 119, 2001

 

am. No. 36, 2003

S. 13....................................

am. No. 216, 1973

 

rs. No. 31, 1977

 

rep. No. 129, 1983

 

ad. No. 119, 2001

 

am. No. 25, 2008

S. 14....................................

am. No. 31, 1977; No. 129, 1983

 

rep. No. 99, 1987

 

ad. No. 119, 2001

 

am. No. 116, 2003

Note 3 to s. 14(2)................

rep. No. 116, 2003

Division 3

 

S. 15....................................

rs. No. 31, 1977

 

am. No. 129, 1983

 

rep. No. 99, 1987

 

ad. No. 119, 2001

 

am. No. 25, 2008

S. 16....................................

rep. No. 31, 1977

 

ad. No. 119, 2001

S. 17....................................

rep. No. 31, 1977

 

ad. No. 119, 2001

 

am. No. 116, 2003; No. 25, 2008

Note 3 to s. 17(9)................

rep. No. 116, 2003

Division 3A

 

Ss. 17A-17E.......................

ad. No. 119, 2001

S. 17F..................................

ad. No. 119, 2001

 

am. No. 105, 2008

Ss. 17G-17I........................

ad. No. 119, 2001

Division 4

 

S. 18....................................

rep. No. 99, 1987

 

ad. No. 119, 2001

S. 19....................................

am. No. 31, 1977

 

rs. No. 129, 1983

 

rep. No. 99, 1987

 

ad. No. 119, 2001

 

am. No. 25, 2008

S. 19A.................................

ad. No. 129, 1983

 

rs. No. 107, 1997

 

rep. No. 54, 1998

S. 20....................................

am. No. 129, 1983

 

rep. No. 99, 1987

 

ad. No. 119, 2001

 

am. No. 116, 2003

Note 3 to s. 20(2)................

rep. No. 116, 2003

S. 21....................................

rs. No. 129, 1983

 

am. No. 107, 1997; No. 35, 1998; No. 31, 2001

 

rs. No. 119, 2001

 

am. No. 25, 2008

S. 22....................................

am. No. 92, 1981; No. 129, 1983; No. 107, 1997; Nos. 54 and 61, 1998; No. 137, 2000

 

rs. No. 119, 2001

S. 23....................................

am. No. 129, 1983; No. 1, 1992; No. 107, 1997; No. 54, 1998; No. 121, 2001

 

rs. No. 119, 2001

Division 5

 

S. 24....................................

am. No. 129, 1983; No. 1, 1992; No. 107, 1997; No. 54, 1998; No. 121, 2001

 

rs. No. 119, 2001

 

am. No. 25, 2008

S. 25....................................

rep. No. 31, 1977

 

ad. No. 119, 2001

 

am. No. 37, 2002; No. 149, 2007; No. 25, 2008

Note to s. 25(1)...................

am. No. 25, 2008

S. 25A.................................

ad. No. 37, 2002

 

rs. No. 25, 2008

 

am. No. 25, 2008

S. 26....................................

rep. No. 129, 1983

 

ad. No. 119, 2001

 

am. No. 37, 2002

 

rs. No. 25, 2008

Heading to s. 27..................

am. No. 149, 2007

S. 27....................................

am. No. 31, 1977; No. 129, 1983; No. 107, 1997; No. 54, 1998

 

rs. No. 119, 2001

 

am. No. 116, 2003; No. 149, 2007; No. 25, 2008

Note 3 to s. 27(8)................

rep. No. 116, 2003

Division 6

 

S. 28....................................

am. No. 54, 1998

 

rs. No. 119, 2001

 

am. No. 105, 2008

S. 29....................................

rs. No. 129, 1983

 

am. No. 1, 1992; No. 107, 1997; No. 54, 1998

 

rs. No. 119, 2001

S. 30....................................

am. No. 31, 1977; No. 129, 1983; No. 168, 1986; No. 48, 1994; No. 5, 1995; No. 107, 1997; Nos. 48 and 54, 1998; No. 44, 1999

 

rs. No. 119, 2001

S. 31....................................

am. No. 31, 1977; No. 129, 1983; No. 168, 1986; No. 5, 1995; No. 107, 1997; No. 54, 1998; No. 31, 2001

 

rs. No. 119, 2001

Part IIIA

 

Part IIIA ...............................

ad. No. 119, 2001

Division 1

 

S. 32....................................

am. No. 31, 1977

 

rs. No. 119, 2001

 

am. No. 37, 2002; No. 154, 2007; No. 25, 2008

S. 33....................................

am. No. 31, 1977; No. 92, 1981; No. 129, 1983; No. 168, 1986; No. 48, 1994; No. 107, 1997; No. 54, 1998

 

rs. No. 119, 2001

 

am. No. 37, 2002

 

rep. No. 154, 2007

S. 34....................................

am. No. 107, 1997; Nos. 35 and 54, 1998

 

rs. No. 119, 2001

Heading to s. 34A...............

am. No. 54, 1998

 

rep. No. 119, 2001

S. 34A.................................

ad. No. 35, 1998

 

am. No. 54, 1998; No. 31, 2001 (as rep. by No. 117, 2001)

 

rep. No. 119, 2001

Note to s. 34A(10)..............

ad. No. 31, 2001

 

rep. No. 119, 2001

S. 35....................................

am. No. 129, 1983; No. 107, 1997

 

rs. No. 119, 2001

S. 35A.................................

ad. No. 116, 2003

 

rep. No. 154, 2007

Div. 2 of Part IIIA..................

rep. No. 25, 2008

S. 36....................................

am. No. 31, 1977; No. 129, 1983; No. 107, 1997; No. 54, 1998

 

rs. No. 119, 2001

 

rep. No. 25, 2008

S. 37....................................

am. No. 129, 1983; No. 32, 1991; No. 1, 1992; No. 107, 1997; No. 54, 1998; No. 31, 2001

 

rs. No. 119, 2001

 

am. No. 116, 2003

 

rep. No. 25, 2008

Note 3 to s. 37(4)................

rep. No. 116, 2003

Division 3

 

S. 38....................................

rs. No. 119, 2001

S. 38AA..............................

ad. No. 154, 2007

Division 4

 

Div. 4 of Part IIIA..................

ad. No. 154, 2007

Subdivision A

 

Ss. 38A-38E.......................

ad. No. 154, 2007

Subdivision B

 

S. 38F..................................

ad. No. 154, 2007

Part IV

 

Part IV.................................

rs. No. 119, 2001

Division 1

 

S. 39....................................

am. No. 92, 1981; No. 129, 1983; No. 107, 1997

 

rs. No. 119, 2001

 

am. No. 154, 2007; No. 25, 2008

Note to s. 39(1)...................

rep. No. 154, 2007

S. 40....................................

am. No. 129, 1983; No. 107, 1997; No. 54, 1998; No. 31, 2001

 

rs. No. 119, 2001

 

rep. No. 154, 2007

S. 41....................................

am. No. 31, 1977; No. 129, 1983; No. 107, 1997; No. 54, 1998

 

rs. No. 119, 2001

S. 42....................................

am. No. 129, 1983

 

rs. No. 119, 2001

 

am. No. 37, 2002

 

rep. No. 154, 2007

S. 43....................................

am. No. 129, 1983; No. 54, 1998

 

rs. No. 119, 2001

 

am. No. 37, 2002; No. 154, 2007; No. 25, 2008

S. 43A.................................

ad. No. 25, 2008

Heading to s. 44..................

am. No. 54, 1998

 

rep. No. 121, 2001

S. 44....................................

am. No. 129, 1983; No. 1, 1992; No. 107, 1997; Nos. 35 and 54, 1998; No. 31, 2001

 

rep. No. 121, 2001

 

ad. No. 119, 2001

 

rs. No. 25, 2008

S. 45....................................

am. No. 31, 1977; No. 129, 1983; No. 107, 1997

 

rs. No. 35, 1998

 

am. No. 54, 1998

 

rep. No. 121, 2001

 

ad. No. 119, 2001

 

rs. No. 25, 2008

S. 46....................................

am. No. 31, 1977; No. 129, 1983; No. 107, 1997; No. 54, 1998

 

rs. No. 119, 2001

S. 47....................................

am. No. 31, 1977; No. 129, 1983; No. 107, 1997

 

rs. No. 119, 2001

 

am. No. 116, 2003

 

rep. No. 154, 2007

Note 3 to s. 47(6)................

rep. No. 116, 2003

Heading to s. 48..................

am. No. 54, 1998

 

rs. No. 119, 2001; No. 154, 2007

S. 48....................................

am. No. 129, 1983; No. 107, 1997; Nos. 35 and 54, 1998; No. 31, 2001

 

rs. No. 119, 2001; No. 154, 2007

 

am. No. 25, 2008

S. 48A.................................

ad. No. 1, 1992

 

am. No. 107, 1997; No. 54, 1998; No. 31, 2001

 

rep. No. 119, 2001

Heading to s. 48B................

am. No. 54, 1998

 

rep. No. 119, 2001

S. 48B.................................

ad. No. 1, 1992

 

am. No. 54, 1998

 

rep. No. 119, 2001

Division 2

 

S. 49....................................

am. No. 129, 1983; No. 107, 1997; No. 54, 1998

 

rep. No. 121, 2001

 

ad. No. 119, 2001

 

am. No. 116, 2003

Part IVA...............................

ad. No. 107, 1997

 

rep. No. 119, 2001

Subheads. to s. 49A(1)-(3)

ad. No. 154, 2007

S. 49A.................................

ad. No. 107, 1997

 

rs. No. 119, 2001

 

am. No. 154, 2007

S. 49B.................................

ad. No. 107, 1997

 

am. Nos. 48 and 54, 1998; No. 44, 1999

 

rs. No. 119, 2001

 

am. No. 116, 2003

S. 49C.................................

ad. No. 107, 1997

 

am. No. 54, 1998; No. 137, 2000

 

rs. No. 119, 2001

S. 49D.................................

ad. No. 107, 1997

 

am. No. 54, 1998

 

rs. No. 119, 2001

 

rep. No. 154, 2007

Division 3

 

S. 49E..................................

ad. No. 107, 1997

 

am. Nos. 48 and 54, 1998; No. 44, 1999

 

rs. No. 119, 2001

S. 49F..................................

ad. No. 107, 1997

 

am. No. 54, 1998; No. 31, 2001

 

rs. No. 119, 2001

S. 49G.................................

ad. No. 107, 1997

 

am. No. 54, 1998; No. 55, 2001

 

rs. No. 119, 2001

S. 49H.................................

ad. No. 107, 1997

 

am. No. 54, 1998

 

rs. No. 119, 2001

 

am. No. 25, 2008

Division 4

 

Heading to s. 49J................

am. No. 54, 1998

 

rep. No. 121, 2001

S. 49J..................................

ad. No. 107, 1997

 

am. Nos. 35 and 54, 1998; No. 31, 2001

 

rep. No. 121, 2001

 

ad. No. 119, 2001

S. 49K.................................

ad. No. 107, 1997

 

rs. No. 35, 1998

 

am. No. 54, 1998

 

rep. No. 121, 2001

 

ad. No. 119, 2001

S. 49L..................................

ad. No. 107, 1997

 

am. No. 54, 1998

 

rs. No. 119, 2001

 

am. No. 116, 2003

Note 3 to s. 49L(2)..............

rep. No. 116, 2003

Division 5

 

S. 49M.................................

ad. No. 107, 1997

 

rs. No. 119, 2001

 

rep. No. 25, 2008

Heading to s. 49N................

am. No. 54, 1998

 

rs. No. 119, 2001

 

rep. No. 25, 2008

S. 49N.................................

ad. No. 107, 1997

 

am. No. 54, 1998; No. 31, 2001

 

rs. No. 119, 2001

 

am. No. 37, 2002

 

rep. No. 25, 2008

S. 49P..................................

ad. No. 107, 1997

 

am. No. 54, 1998

 

rep. No. 121, 2001

 

ad. No. 119, 2001

 

am. No. 116, 2003

 

rep. No. 25, 2008

Note 3 to s. 49P(2)..............

rep. No. 116, 2003

S. 49Q.................................

ad. No. 119, 2001

Division 6

 

Div. 6 of Part IV...................

ad. No. 154, 2007

S. 49R.................................

ad. No. 154, 2007

Part V

 

Heading to Part V................

rs. No. 149, 2007

S. 50....................................

am. No. 92, 1981; Nos. 1 and 210, 1992; No. 107, 1997; No. 54, 1998; No. 55, 2001 (as am. by No. 116, 2003); No. 119, 2001; No. 8, 2007

Heading to s. 51..................

am. No. 54, 1998

 

rep. No. 25, 2008

S. 51....................................

am. No. 31, 1977; No. 129, 1983; No. 48, 1994; No. 107, 1997; No. 54, 1998; Nos. 31 and 119, 2001

 

rep. No. 25, 2008

Heading to s. 52..................

am. No. 54, 1998; No. 119, 2001

S. 52....................................

am. No. 129, 1983; No. 1, 1992; No. 107, 1997; No. 54, 1998; Nos. 119 and 121, 2001; No. 100, 2005; No. 149, 2007; No. 25, 2008

S. 53....................................

rep. No. 1, 1992

S. 54....................................

am. No. 129, 1983; No. 1, 1992; No. 107, 1997; No. 54, 1998; No. 119, 2001

Heading to s. 55..................

am. No. 54, 1998; No. 119, 2001

S. 55....................................

am. No. 1, 1992; No. 107, 1997; No. 54, 1998; No. 119, 2001 (as am. by No. 100, 2005)

Heading to s. 56..................

am. No. 54, 1998

S. 56....................................

am. No. 129, 1983; No. 1, 1992; No. 107, 1997; No. 54, 1998; No. 137, 2000

S. 57....................................

am. No. 1, 1992; No. 54, 1998

S. 58....................................

am. No. 1, 1992; No. 107, 1997; No. 54, 1998

S. 59....................................

am. No. 1, 1992; No. 107, 1997; No. 54, 1998; No. 119, 2001; No. 42, 2003

Heading to s. 60..................

am. No. 54, 1998

S. 60....................................

am. No. 129, 1983; No. 1, 1992; No. 107, 1997; No. 54, 1998; No. 119, 2001; No. 25, 2008

S. 61....................................

am. No. 129, 1983; No. 107, 1997

S. 62....................................

am. No. 31, 1977; No. 129, 1983; No. 168, 1986; No. 1, 1992; No. 107, 1997; No. 54, 1998; Nos. 31, 119 and 121, 2001

 

rep. No. 25, 2008

Part VA

 

Part VA...............................

ad. No. 149, 2007

Ss. 62A-62H.......................

ad. No. 149, 2007

S. 62J..................................

ad. No. 149, 2007

Part VB

 

Part VB................................

ad. No. 105, 2008

Division 1

 

Ss. 62K-62N.......................

ad. No. 105, 2008

Ss. 62P-62Z.......................

ad. No. 105, 2008

Ss. 62ZA-62ZO..................

ad. No. 105, 2008

Division 2

 

Ss. 62ZP-62ZT...................

ad. No. 105, 2008

Division 3

 

Ss. 62ZU, 62ZV..................

ad. No. 105, 2008

Part VC

 

Part VC................................

ad. No. 105, 2008

Division 1

 

Ss. 62ZW-62ZZ.................

ad. No. 105, 2008

Ss. 62ZZA, 62ZZB.............

ad. No. 105, 2008

Division 2

 

Ss. 62ZZC-62ZZE..............

ad. No. 105, 2008

Division 3

 

Ss. 62ZZF-62ZZK..............

ad. No. 105, 2008

S. 62ZZKA..........................

ad. No. 42, 2009

S. 62ZZL.............................

ad. No. 105, 2008

S. 62ZZM............................

ad. No. 105, 2008

 

am. No. 42, 2009

Division 4

 

Ss. 62ZZN, 62ZZO.............

ad. No. 105, 2008

S. 62ZZP.............................

ad. No. 105, 2008

 

am. No. 42, 2009

Ss. 62ZZQ-62ZZU.............

ad. No. 105, 2008

Division 5

 

S. 62ZZV............................

ad. No. 105, 2008

Part VI

 

Part VI ................................

rs. No. 31, 1977

S. 63....................................

rs. No. 31, 1977

 

am. No. 129, 1983; No. 107, 1997; No. 54, 1998; No. 119, 2001; No. 37, 2002; No. 38, 2005; No. 25, 2008

S. 64....................................

rep. No. 31, 1977

 

ad. No. 129, 1983

 

am. No. 107, 1997; No. 54, 1998; No. 25, 2008

Part VII

 

Division 1

 

Div. 1 of Part VII..................

ad. No. 35, 1998

S. 65....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998; No. 25, 2008

S. 66....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 55, 2001

Division 2

 

Div. 2 of Part VII..................

ad. No. 35, 1998

S. 67....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

S. 68....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998; No. 154, 2007

S. 69....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

S. 70....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998; No. 154, 2007

Ss. 71-73............................

rep. No. 31, 1977

 

ad. No. 35, 1998

Division 3

 

Heading to Div. 3 of ............
Part VII

rs. No. 54, 1998

Div. 3 of Part VII..................

ad. No. 35, 1998

Heading to s. 74..................

am. No. 54, 1998

S. 74....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998; No. 25, 2008

S. 75....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998; No. 55, 2001; No. 154, 2007

S. 76....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998; No. 25, 2008

Division 4

 

Div. 4 of Part VII..................

ad. No. 35, 1998

Subdivision A

 

Heading to Subdiv. A of......
Div. 4 of Part VII

rs. No. 54, 1998

Heading to s. 77..................

am. No. 54, 1998

S. 77....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998

S. 78....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998; No. 25, 2008

Subdivision B

 

Heading to s. 79..................

am. No. 54, 1998

S. 79....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998

S. 80....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998; No. 137, 2000

Heading to s. 81..................

am. No. 54, 1998

S. 81....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998

Heading to s. 82..................

am. No. 54, 1998

S. 82....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998; No. 137, 2000

Ss. 83, 84............................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998

S. 85....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998; No. 42, 2003

Heading to s. 86..................

am. No. 54, 1998

S. 86....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998

Subdivision C

 

S. 87....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

Division 5

 

Div. 5 of Part VII..................

ad. No. 35, 1998

S. 88....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 54, 1998

S. 89....................................

rep. No. 157, 1976

 

ad. No. 35, 1998

Ss. 90, 91............................

rep. No. 31, 1977

 

ad. No. 35, 1998

S. 92....................................

rep. No. 31, 1977

 

ad. No. 35, 1998

 

am. No. 55, 2001

Ss. 92A-92C.......................

ad. No. 35, 1998

S. 92D.................................

ad. No. 35, 1998

 

am. No. 54, 1998

Ss. 92E, 92F........................

ad. No. 35, 1998

Heading to s. 92G...............

am. No. 54, 1998

S. 92G.................................

ad. No. 35, 1998

 

am. No. 54, 1998

Heading to s. 92H................

am. No. 54, 1998

S. 92H.................................

ad. No. 35, 1998

 

am. No. 54, 1998

S. 92J..................................

ad. No. 35, 1998

Ss. 92K-92M.......................

ad. No. 35, 1998

 

am. No. 54, 1998

Ss. 92N-92P.......................

ad. No. 35, 1998

Ss. 92Q, 92R.......................

ad. No. 35, 1998

 

am. No. 54, 1998; No. 25, 2008

S. 92S.................................

ad. No. 35, 1998

 

am. No. 25, 2008

Division 6

 

Heading to Div. 6 of ............
Part VII

ad. No. 35, 1998

S. 93....................................

am. No. 31, 1977; No. 129, 1983; No. 107, 1997; Nos. 35 and 54, 1998; No. 119, 2001; No. 25, 2008

Division 7

 

Heading to Div. 7 of ............
Part VII

ad. No. 35, 1998

S. 94....................................

am. No. 129, 1983; No. 107, 1997

 

rs. No. 35, 1998

 

am. No. 119, 2001

S. 94A.................................

ad. No. 35, 1998

 

am. No. 54, 1998

S. 95....................................

am. No. 107, 1997

 

rs. No. 35, 1998

S. 96....................................

am. No. 54, 1998

 

rs. No. 35, 1998

 

am. No. 54, 1998

S. 97....................................

rs. No. 35, 1998

 

am. No. 54, 1998

Heading to s. 98..................

am. No. 107, 1997

S. 98....................................

am. No. 107, 1997

Part VIII

 

S. 99....................................

rs. No. 119, 2001

S. 100..................................

am. No. 107, 1997

S. 101..................................

rep. No. 31, 1977

Heading to s. 102................

rs. No. 119, 2001

S. 102..................................

am. No. 92, 1981; No. 119, 2001

Heading to s. 103................

am. No. 149, 2007

S. 103..................................

am. No. 92, 1981; No. 149, 2007

Part IX

 

Part IX..................................

rep. No. 54, 1998

 

ad. No. 25, 2008

S. 104..................................

rep. No. 129, 1983

 

ad. No. 25, 2008

S. 105..................................

am. No. 31, 1977; No. 129, 1983; No. 1, 1992; No. 107, 1997

 

rep. No. 54, 1998

 

ad. No. 25, 2008

 

am. No. 105, 2008

S. 105A...............................

ad. No. 31, 1977

 

am. No. 129, 1983; No. 107, 1997

 

rep. No. 54, 1998

S. 106..................................

am. No. 129, 1983; No. 107, 1997

 

rep. No. 54, 1998

 

ad. No. 25, 2008

S. 107..................................

am. No. 31, 1977; No. 129, 1983; No. 107, 1997

 

rep. No. 54, 1998

 

ad. No. 25, 2008

S. 108..................................

am. No. 31, 1977; No. 129, 1983

 

rep. No. 54, 1998

 

ad. No. 25, 2008

S. 109..................................

rs. No. 31, 1977

 

am. No. 129, 1983; No. 107, 1997

 

rep. No. 54, 1998

Ss. 110-112........................

rep. No. 31, 1977

S. 113..................................

am. No. 31, 1977; No. 129, 1983

 

rep. No. 16, 1989

 

ad. No. 107, 1997

 

am. No. 54, 1998; No. 31, 2001

 

rep. No. 123, 2001

S. 114..................................

am. No. 54, 1998

 

rep. No. 119, 2001

Part X

 

Heading to s. 115................

am. No. 119, 2001

S. 115..................................

rs. No. 31, 1977

 

am. No. 129, 1983; No. 107, 1997; No. 54, 1998; Nos. 119 and 121, 2001; No. 36, 2003

Ss. 115AA, 115AB.............

ad. No. 149, 2007

S. 115A...............................

ad. No. 31, 1977

 

am. No. 107, 1997; No. 54, 1998; Nos. 119 and 121, 2001; No. 36, 2003; No. 149, 2007

S. 116..................................

am. No. 107, 1997; No. 54, 1998

 

rs. No. 119, 2001

 

am. No. 105, 2008

S. 116A...............................

ad. No. 119, 2001

 

am. Nos. 25 and 105, 2008

Notes 1-3 to s. 116A(1).....

ad. No. 105, 2008

Note to s. 116A(2)..............

ad. No. 105, 2008

S. 117..................................

am. No. 107, 1997; No. 54, 1998

 

rs. No. 119, 2001

 

am. No. 37, 2002

S. 117A...............................

ad. No. 1, 1992

 

am. No. 107, 1997; Nos. 31 and 121, 2001

 

rep. No. 119, 2001

Note to s. 117A(5)..............

ad. No. 31, 2001

 

rep. No. 119, 2001

S. 118..................................

am. No. 31, 1977; No. 107, 1997; No. 54, 1998; No. 119, 2001; No. 37, 2002; No. 149, 2007

S. 119..................................

am. No. 129, 1983; No. 48, 1994; No. 107, 1997; Nos. 48 and 54, 1998

 

rep. No. 119, 2001

Heading to s. 120................

am. No. 35, 1999

S. 120..................................

am. No. 107, 1997; No. 35, 1998; No. 119, 2001

S. 121..................................

am. No. 107, 1997; Nos. 35 and 54, 1998

S. 122..................................

am. No. 54, 1998; No. 119, 2001

Heading to s. 123................

am. No. 121, 2001

S. 123..................................

am. No. 129, 1983; No. 1, 1992; Nos. 35 and 54, 1998; Nos. 119 and 121, 2001

S. 124..................................

am. No. 31, 1977; No. 54, 1998

S. 125..................................

am. No. 129, 1983

 

rs. No. 54, 1998

S. 126..................................

rs. No. 31, 1977

 

am. No. 99, 1987; No. 6, 1992

 

rs. No. 107, 1997

 

rep. No. 54, 1998

 

ad. No. 119, 2001

S. 127..................................

am. No. 31, 1977; No. 177, 1981 (as am. by No. 26, 1982); No. 129, 1983 (as am. by No. 72, 1984); No. 107, 1997

 

rep. No. 54, 1998

 

ad. No. 119, 2001

S. 127A...............................

ad. No. 105, 2008

Heading to s. 128................

rs. No. 119, 2001

S. 128..................................

am. No. 92, 1981; No. 129, 1983; No. 16, 1989; No. 1, 1992; No. 107, 1997; No. 35, 1998; No. 137, 2000; Nos. 31, 55, 119 and 121, 2001

S. 128A...............................

ad. No. 119, 2001

 

am. No. 25, 2008

S. 129..................................

am. No. 129, 1983

S. 129A...............................

ad. No. 129, 1983

 

am. No. 119, 2001; No. 25, 2008

S. 129B...............................

ad. No. 129, 1983

 

rep. No. 107, 1997

Heading to s. 129C..............

am. No. 119, 2001

S. 129C...............................

ad. No. 144, 1995

 

am. No. 62, 1997; No. 119, 2001

S. 129D...............................

ad. No. 144, 1995

 

am. No. 54, 1998; No. 119, 2001

 

rs. No. 75, 2009

S. 129E................................

ad. No. 105, 2008

S. 130..................................

am. No. 107, 1997; No. 54, 1998

S. 131..................................

am. No. 1, 1992; No. 119, 2001

Ss. 131A, 131B...................

ad. No. 105, 2008

S. 132..................................

am. No. 31, 1977; No. 129, 1983; No. 107, 1997; Nos. 48 and 54, 1998; No. 121, 2001

Schedule ............................

am. No. 31, 1977; No. 129, 1983; No. 54, 1998

 

rep. No. 35, 1999

Schedule 1

 

Schedule 1..........................

ad. No. 105, 2008

Part 1

 

Cc. 1-5................................

ad. No. 105, 2008

Part 2

 

Cc. 6-9................................

ad. No. 105, 2008


Note 2

Financial Sector Legislation Amendment (Enhancing Supervision and Enforcement) Act 2009 (No. 75, 2009)

The following amendment commences on 27 February 2010 unless proclaimed earlier:

Schedule 1

215  Paragraph 116A(4)(b)

After "registered under", insert "section 21 of".

As at 2 September 2009 the amendment is not incorporated in this compilation.


Table A

Application, saving or transitional provisions

Financial Laws Amendment Act 1997 (No. 107, 1997)

Schedule 5 

17  Saving

A delegation that was in force under section 19A of the Insurance Act 1973 immediately before the commencement of item 16 continues in force as if it had been given under the section substituted by that item.

26  Saving

An approval that was in force under subsection 30(2) of the Insurance Act 1973 immediately before the commencement of item 25 continues in force for the purposes of this Act (other than Parts IVA, V and X) as if it had been duly given under the subsection substituted by that item.

123  Application

The amendments made by items 120, 121 and 122 take effect immediately after the commencement of the amendments made by the other items.

 

Insurance Laws Amendment Act 1998 (No. 35, 1998)

Schedule 1 

30  Application--amendments relating to accounts and statements

             (1)  Despite the amendments of the Insurance Act 1973 made by this Schedule, that Act continues to apply, in relation to accounts and statements that are required to be lodged under subsection 44(1) or 49J(1) of that Act in respect of a financial year of a body corporate that ended before the commencement of this item, as if those amendments had not been made.

             (2)  Despite the amendments of the Insurance Act 1973 made by this Schedule, that Act continues to apply, in relation to statements that are required to be lodged under subsection 44(6) of that Act in respect of a quarter that ended before the commencement of this item, as if those amendments had not been made.

31  Application--section 34 of the Insurance Act 1973

The amendments of section 34 of the Insurance Act 1973 made by this Schedule apply to applications made after the commencement of this item.

32  Transitional--regulations under section 44 of the Insurance Act 1973

             (1)  This item applies to regulations that were in force for the purposes of paragraph 44(2)(m) of the Insurance Act 1973 immediately before the commencement of this item.

             (2)  The regulations have effect, after the commencement of this item, as if they had been made for the purposes of paragraph 44(1)(b) of the Insurance Act 1973.

33  Transitional--determinations under section 44 of the Insurance Act 1973

             (1)  This item applies to a determination that was in force for the purposes of paragraph 44(2)(m) of the Insurance Act 1973 immediately before the commencement of this item.

             (2)  The determination has effect, after the commencement of this item, as if it had been made for the purposes of paragraph 44(1)(a) of the Insurance Act 1973.

34  Transitional--determinations under section 49J of the Insurance Act 1973

             (1)  This item applies to a determination that was in force for the purposes of paragraph 49J(2)(d) of the Insurance Act 1973 immediately before the commencement of this item.

             (2)  The determination has effect, after the commencement of this item, as if it had been made for the purposes of subsection 49J(1) of the Insurance Act 1973.

Schedule 2 

25  Transitional--statutory deposit

(1)        This item applies to any securities held by the Treasurer in accordance with paragraph 1 of the Schedule to the Insurance Act 1973 immediately before the commencement of this item.

(2)        Sections 92Q and 92S of the Insurance Act 1973 have effect as if those securities had been deposited under section 92Q of that Act, immediately after the commencement of this item, by:

                     (a)  Lloyd's; or

                     (b)  if a company is nominated in a written notice given by Lloyd's to the Commissioner--that company.

26  Transitional--agent and address

(1)        This item applies to anything done by Lloyd's in accordance with paragraph 6 or 7 of the Schedule to the Insurance Act 1973 before the commencement of this item.

(2)        The Insurance Act 1973 has effect, after the commencement of this item, as if those things had been done by Lloyd's in accordance with section 95 or 96, as the case may be, of that Act.

27  Transitional--exercise of approval powers between Royal Assent and commencement

If:

                     (a)  in accordance with section 4 of the Acts Interpretation Act 1901, an instrument is made under section 68 or 70 of the Insurance Act 1973 before the commencement of item 5; and

                     (b)  the instrument is expressed to confer power on the Commissioner to give an approval;

the power may be exercised, and anything may be done for the purpose of enabling the exercise of the power, before the commencement of item 5 as if the instrument had come into operation before the commencement of item 5.

 

Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (No. 44, 1999)

Schedule 8

1  Definitions

(1)        In this Part:

AFIC means the Australian Financial Institutions Commission.

AFIC Code means any of the following Codes of a State or Territory:

                     (a)  the AFIC (NSW) Code of New South Wales;

                     (b)  the AFIC (Victoria) Code of Victoria;

                     (c)  the AFIC (Queensland) Code of Queensland;

                     (d)  the AFIC (Western Australia) Code of Western Australia;

                     (e)  the AFIC (South Australia) Code of South Australia;

                      (f)  the AFIC (Tasmania) Code of Tasmania;

                     (g)  the AFIC (ACT) Code of the Australian Capital Territory;

                     (h)  the AFIC (NT) Code of the Northern Territory.

APRA means the Australian Prudential Regulation Authority.

APRA Act means the Australian Prudential Regulation Authority Act 1998.

APRA employee means a person appointed under section 45 of the APRA Act.

ASIC means the Australian Securities and Investments Commission.

FIC body means a body that is a society, or a special services provider, as defined in section 3 of any of the Financial Institutions Codes.

Financial Institutions Code means any of the following Codes of a State or Territory:

                     (a)  the Financial Institutions (NSW) Code of New South Wales;

                     (b)  the Financial Institutions (Victoria) Code of Victoria;

                     (c)  the Financial Institutions (Queensland) Code of Queensland;

                     (d)  the Financial Institutions (Western Australia) Code of Western Australia;

                     (e)  the Financial Institutions (South Australia) Code of South Australia;

                      (f)  the Financial Institutions (Tasmania) Code of Tasmania;

                     (g)  the Financial Institutions (ACT) Code of the Australian Capital Territory;

                     (h)  the Financial Institutions (NT) Code of the Northern Territory.

Friendly Societies Code means any of the following Codes of a State or Territory:

                     (a)  the Friendly Societies (NSW) Code of New South Wales;

                     (b)  the Friendly Societies (Victoria) Code of Victoria;

                     (c)  the Friendly Societies (Queensland) Code of Queensland;

                     (d)  the Friendly Societies (Western Australia) Code of Western Australia;

                     (e)  the Friendly Societies (South Australia) Code of South Australia;

                      (f)  the Friendly Societies (Tasmania) Code of Tasmania;

                     (g)  the Friendly Societies (ACT) Code of the Australian Capital Territory;

                     (h)  the Friendly Societies (NT) Code of the Northern Territory.

friendly society means a body that is a society for the purposes of any of the Friendly Societies Codes.

SSA means any of the following:

                     (a)  the New South Wales Financial Institutions Commission;

                     (b)  the Victorian Financial Institutions Commission;

                     (c)  the Queensland Office of Financial Supervision;

                     (d)  the Western Australian Financial Institutions Authority;

                     (e)  the South Australian Office of Financial Supervision;

                      (f)  the Tasmanian Office of Financial Supervision;

                     (g)  the Registrar of Financial Institutions of the Australian Capital Territory;

                     (h)  the Territory Supervisory Authority of the Northern Territory.

State or Territory employee means a person who, immediately before the transfer date, is:

                     (a)  an officer, employee, or member of the staff of, AFIC or an SSA; or

                     (b)  the Executive Director of AFIC; or

                     (c)  the holder of any other statutory office within AFIC or an SSA, other than a statutory office of member (including a Chair or Deputy Chair, however described) of, or of the governing body of, AFIC or an SSA; or

                     (d)  an officer, employee, or member of the staff of, a State or Territory, or an authority of a State or Territory, whose duties consist of or include assisting AFIC or an SSA in the performance of its functions or the exercise of its powers.

Territory means the Australian Capital Territory or the Northern Territory.

transfer agreement means an agreement entered into:

                     (a)  by or on behalf of the Treasurer; and

                     (b)  by or on behalf of a Minister of a State or Territory, or 2 or more such Ministers;

that provides for matters connected with the transfer of staff, assets or liabilities from AFIC or an SSA to APRA or ASIC.

transfer date has the meaning given by section 2 (which is at the front of this Act).

transferring body means a body that, immediately before the transfer date, was:

                     (a)  an FIC body; or

                     (b)  a friendly society.

(2)        In this Part, a reference to a transfer agreement determining or specifying a person, thing or other matter includes a reference to a person or persons determining or specifying that person, thing or matter, as permitted by that transfer agreement.

2  Transfer of State or Territory employees to APRA

(1)        A transfer agreement may determine that specified State or Territory employees become APRA employees on a specified date, not being a date before the transfer date. In this Division, the date so specified is the agreed date in relation to the employees concerned.

Note:       Employees may be specified by name, by inclusion in a specified class, or in some other way.

(2)        The agreement has effect accordingly, to the extent that it is within the Commonwealth's legislative power to give the agreement that effect.

3  Terms and conditions of transferred staff

(1)        APRA is to determine the terms and conditions applying to a person who becomes an APRA employee as mentioned in item 2 as if the person had actually been appointed under section 45 of the APRA Act. The terms and conditions of employment must not be less favourable than those that applied to the person immediately before the agreed date.

(2)        The person is entitled to retain, as an APRA employee, all the benefits that had accrued to the person in respect of his or her length of State or Territory service up to the agreed date, as if those benefits had accrued in respect of the person's position as an APRA employee. For this purpose, the person's State or Territory service is:

                     (a)  the person's service as a State or Territory employee; and

                     (b)  the person's other service (if any) that, immediately before the person becoming an APRA employee, counted as service under the terms of that person's employment as a State or Territory employee.

(3)        The person's service as an APRA employee is taken, for all purposes, to have been continuous with the person's service, immediately before the agreed date, as a State or Territory employee.

4  Statement of accrued benefits

(1)        A transfer agreement may determine that APRA is to be given a statement of the benefits to which a person who becomes an APRA employee as mentioned in item 2 has an accrued entitlement in respect of his or her position as a State or Territory employee.

(2)        In any proceedings relating to subitem 3(2), the statement is prima facie evidence of the matters set out in the statement.

(3)        Item 2 has effect in relation to the person even if the statement is not given as required.

5  Transfer of assets

(1)        A transfer agreement may determine that all or any of the following things happen on a specified date, not being a date before the transfer date:

                     (a)  specified assets vest in APRA, or in ASIC, without any conveyance, transfer or assignment;

                     (b)  specified instruments in relation to specified assets continue to have effect after the assets vest in APRA, or in ASIC, as if specified references in the instruments were references to APRA, or to ASIC, as the case requires;

                     (c)  APRA or ASIC becomes the previous owner's successor in law in relation to specified assets immediately after the assets vest in APRA, or in ASIC.

Note:       Assets or instruments may be specified by description, by inclusion in a specified class or in some other way.

(2)        The agreement has effect accordingly, to the extent that it is within the Commonwealth's legislative power to give the agreement that effect.

(3)        This item does not prevent assets being transferred to APRA or ASIC otherwise than in accordance with a transfer agreement.

(4)        In this item:

assets includes records.

6  Transfer of liabilities

(1)        A transfer agreement may determine that all or any of the following things happen on a specified date, not being a date before the transfer date:

                     (a)  specified liabilities vest in APRA, or in ASIC;

                     (b)  specified instruments in relation to specified liabilities continue to have effect after the liabilities vest in APRA, or in ASIC, as if specified references in the instruments were references to APRA, or to ASIC, as the case requires;

                     (c)  APRA or ASIC becomes the previously liable person's successor in law in relation to specified liabilities immediately after the liabilities vest in APRA, or in ASIC.

Note:       Liabilities or instruments may be specified by description, by inclusion in a specified class or in some other way.

(2)        The agreement has effect accordingly, to the extent that it is within the Commonwealth's legislative power to give the agreement that effect.

(3)        This item does not prevent liabilities being transferred to APRA or ASIC otherwise than in accordance with a transfer agreement.

7  Certain bodies taken to have authorities to carry on banking business

(1)        This item applies to the following bodies:

                     (a)  all bodies that were FIC bodies immediately before the transfer date;

                     (b)  The Cairns Cooperative Weekly Penny Savings Bank Limited (CCWPSBL), but only if a determination under subitem (2) is in force immediately before the transfer date.

Note:       The Cairns Cooperative Weekly Penny Savings Bank Limited is a body incorporated under the Financial Intermediaries Act 1996 of Queensland.

(2)        APRA may, in writing, determine that this item applies to CCWPSBL, but only if the Treasurer and the Queensland Minister responsible for the administration of the Financial Intermediaries Act 1996 of Queensland have agreed that CCWPSBL should be covered by the Banking Act 1959 from the transfer date.

(3)        On the transfer date, a body to which this item applies is taken to have been granted an authority under subsection 9(3) of the Banking Act 1959.

(4)        APRA may, in writing, determine conditions to which the authority is subject. The determination has effect accordingly.

(5)        The authority may be dealt with under the Banking Act 1959 as if it had actually been granted under subsection 9(3) of that Act.

(6)        Conditions determined under subitem (4) may be dealt with under the Banking Act 1959 as if they were imposed under subsection 9(4) of that Act.

(7)        Subsection 9(7) of the Banking Act 1959 does not apply to:

                     (a)  the grant of an authority that is taken to have occurred under subitem (3); or

                     (b)  the imposition of conditions on that authority under subitem (4).

(8)        APRA must give the body written notice of the following:

                     (a)  the fact that the body is taken, by subitem (3), to have been granted an authority under subsection 9(3) of the Banking Act 1959; and

                     (b)  the determination under subitem (4) of conditions to which the authority is subject.

(9)        APRA may also give notice of a matter referred to in paragraph (8)(a) or (b) in such other way as APRA considers appropriate.

8  Bodies taken to have consent for use of certain expressions

(1)        A body that, immediately before the transfer date:

                     (a)  was a society, services corporation or association as defined in section 3 of a Financial Institutions Code; and

                     (b)  was trading or carrying on business (within the meaning of section 144 of that Code) under a name or title of which words, abbreviations or symbols covered by paragraph 144(2)(a) of that Code formed part;

is taken, on the transfer date, to have been granted a consent under section 66 of the Banking Act 1959 covering the body trading or carrying on business under that name or title. The consent may be dealt with under that Act as if it had actually been granted under section 66 of that Act.

(2)        An exemption in force under subsection 144(4) of a Financial Institutions Code immediately before the transfer date continues to have effect from that date, and may be dealt with, as if it were a consent under section 66 of the Banking Act 1959. Any conditions to which the exemption was subject immediately before the transfer date are to be taken, from that date, to be, and may be dealt with as if they were, conditions applying under section 66 of the Banking Act 1959.

9  Unclaimed money

(1)        This item applies to each body that is taken by subitem 7(3) to have been granted an authority under subsection 9(3) of the Banking Act 1959.

(2)        An amount of money in respect of which notification action has been taken before the transfer date by a body to which this item applies under an unclaimed money law is not unclaimed moneys for the purposes of section 69 of the Banking Act 1959.

(3)        For the avoidance of doubt, it is declared that, subject to subitem (2), an amount of money that, on the transfer date, satisfies the description of unclaimed moneys in section 69 of the Banking Act 1959 is unclaimed moneys for the purposes of that section even though, for any reason, the amount was not, immediately before that date, unclaimed money, or unclaimed moneys, within the meaning of an unclaimed money law.

(4)        If, but for this item, a body to which this item applies would be required to deliver a Commonwealth unclaimed money statement on or before the 31 March next following the transfer date, then:

                     (a)  the body may, but is taken not to be required to, deliver a Commonwealth unclaimed money statement on or before that 31 March; and

                     (b)  if the body does not deliver a Commonwealth unclaimed money statement on or before that 31 March--the amounts that would have been included in that statement must (if they are still unclaimed money) be inc