Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations
1. Workers compensation insurance business carried on by a company that is:
(a) licensed under Division 3 of Part 7 of the Workers Compensation Act 1987 of New South Wales; and
(b) required under that Act to establish and maintain statutory funds.
2. The carrying on by the Municipal Association of Tasmania of the business of fidelity guarantee insurance.
3. The carrying on by the Municipal Association of Victoria of the following kinds of insurance business:
(a) fidelity guarantee insurance;
(b) personal accident insurance.
4. Insurance business carried on by an unauthorised foreign insurer relating to a contract of insurance that meets the following criteria:
(a) the contract was entered into before 1 July 2008;
(b) the contract has not been renewed or extended beyond its original term on or after 1 July 2008;
(c) the terms of the contract have not been varied on or after 1 July 2008.
5. Insurance business:
(a) that is carried on by an unauthorised foreign insurer that is an entity specified in subregulation 12 (1); and
(b) that relates to a contract of insurance that meets the following criteria:
(i) the contract was entered into before the end of the period under subregulation 12 (2) relating to the insurer;
(ii) the contract has not been renewed or extended beyond its original term after the end of that period;
(iii) the terms of the contract have not been varied after the end of that period.