Commonwealth Consolidated Acts

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INSURANCE ACT 1973 - SECT 22A

Continuation of effect of body corporate's NOHC authorisation

    If APRA gives a notice of revocation of a body corporate's NOHC authorisation under subsection   21(5) or 22(2), the notice may state that the authorisation continues in effect in relation to a specified matter or specified period, as though the revocation had not happened, for the purposes of:

  (a)   a specified provision of this Act or the regulations; or

  (b)   a specified provision of another law of the Commonwealth that is administered by APRA; or

  (c)   a specified provision of the prudential standards;

and the statement has effect accordingly.


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