Australian Capital Territory Numbered Acts

ROAD TRANSPORT (THIRD-PARTY INSURANCE) ACT 2008 (NO. 1 OF 2008) - SECT 234

A person commits an offence if—

        (a)     the person is a licensed insurer or a former licensed insurer; and

        (b)     an event or thing mentioned in section 195 (Grounds for suspension—other grounds) happens, other than an event or thing mentioned in section 195 (e), (m) or (p); and

        (c)     the person does not tell the CTP regulator about the event or thing, in writing, within 21 days after the event or thing happens.

Maximum penalty: 100 penalty units.

Note     Penalties imposed under this Act must be paid into the nominal defendant fund (see s 66).