INSURANCE ACT 1973 - SECT 16A Continuation of effect of general insurer's authorisation

INSURANCE ACT 1973 - SECT 16A

    If APRA gives a notice of revocation of a general insurer's authorisation under subsection   15(5) or 16(2), the notice may state that the authorisation continues in effect in relation to a specified matter or specified period, as though the revocation had not happened, for the purposes of:

  (a)   a specified provision of this Act or the regulations; or

  (b)   a specified provision of another law of the Commonwealth that is administered by APRA; or

  (c)   a specified provision of the prudential standards;

and the statement has effect accordingly.