This legislation has been repealed.
TABLE OF PROVISIONS Long Title PART 1--PRELIMINARY 1. Name of Act 3. Dictionary 4. Notes 5. Meaning of risk of the Territory 6. Meaning of Territory entity 7. Controlling interests in companies PART 2--THE INSURANCE AUTHORITY Division 2.1--Establishment and powers 8. Establishment 9. Functions of ACTIA 10. Powers 11. Ministerial directions to Territory entities about insurance of Territory 12. Ministerial directions to ACTIA 13. Reporting requirements 14. Provision of information 15. Indemnities for third parties Division 2.2--Board of management 16. Establishment of board 17. Functions of board 18. Constitution of board 19. Appointment of appointed directors 20. Term of appointment of appointed directors 21. Leave of absence of appointed directors 22. Terms of appointment of appointed directors generally 23. Chairperson and deputy chairperson 24. Honesty, care and diligence of directors 25. Ending of appointment of appointed directors Division 2.3--Proceedings of board 26. Time and place of meetings 27. Procedure governing conduct of meetings 28. Disclosure of interest by directors PART 3--GENERAL MANAGER, STAFF AND CONSULTANTS Division 3.1--General manager 29. Appointment 30. Functions of general manager Division 3.2--Staff and consultants 31. Staff 32. Consultants PART 4--MISCELLANEOUS 33. Dividends 34. Exemption from insurance levy and stamp duty on policies 35. Regulation-making power DICTIONARY ENDNOTES