Commonwealth Numbered Acts

INSURANCE LAWS AMENDMENT ACT 1994 No. 48 of 1994 - SECT 9

9.(1) In this section:

"amended Act" means the Principal Act as amended by this Act;

"insurance company" means a body corporate authorised under the Insurance  Act
1973 to carry on insurance business;

"interim year", in relation to an insurance company, means the third of the
first 3 financial years of the insurance company commencing after 6 January
1992.

(2) Section 33 of the amended Act applies to an insurance company in relation
to the interim year of that insurance company as if:

   (a)  a reference in that section to $2,000,000 were a reference to
        $1,500,000; and

   (b)  a reference in that section to 15% were a reference to 12.5%.