Commonwealth Consolidated Regulations

INSURANCE REGULATIONS 2002 - REG 7

         (1)   A body corporate authorised under the Act to carry on insurance business in Australia must tell APRA, in writing, of the date on which it started to carry on the business within 7 days after that date.

Penalty:   5 penalty units.

         (2)   A body corporate authorised under the Act to carry on insurance business in Australia must tell APRA, in writing, of the date on which it ceases to carry on the business within 7 days after that date.

Penalty:   5 penalty units.