New South Wales Consolidated Acts

INSURANCE PROTECTION TAX ACT 2001 - SECT 16A

16A Declaration of insolvent insurers

(1) If the Treasurer is satisfied that a liquidator or provisional liquidator has been appointed in respect of an insurer, or that an insurer has been dissolved, the Treasurer may, by order published in the Gazette, declare that the insurer is a declared insolvent insurer for the purposes of this Part.

(2) The following insurers are taken to have been declared by order under this section to be declared insolvent insurers for the purposes of this Part on 15 March 2001 (the date on which a provisional liquidator was appointed in respect of those insurers):

(a) HIH Casualty and General Insurance Limited,

(b) FAI General Insurance Company Limited,

(c) CIC Insurance Limited.