New South Wales Consolidated Acts

INSURANCE PROTECTION TAX ACT 2001 - SECT 19

19 Cancellation of registration by Chief Commissioner

(1) The Chief Commissioner may, by written notice, cancel an insurer’s registration under this Part:

(a) if the insurer’s authorisation under the Insurance Act 1973 of the Commonwealth is revoked, or

(b) if the insurer is made bankrupt or, being a company, is wound up, or

(c) if the insurer is convicted of an offence under an Act imposing a tax or duty, or

(d) if the insurer’s registration was made in error or as a consequence of a false or misleading statement made in relation to the application for registration, or

(e) if the Chief Commissioner is of the opinion that the insurer has ceased to write general insurance in New South Wales, or

(f) for any other reason the Chief Commissioner thinks sufficient.

(2) A cancellation of registration has effect from the date specified for the purpose by the Chief Commissioner in the notice of cancellation.