Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


Lodgment of auditor's certificate and actuary's reports

  (1)   A general insurer must, in accordance with the prudential standards, lodge with APRA:

  (a)   a section   49J certificate relating to the yearly statutory accounts for each financial year of the insurer; and

  (aa)   the reports referred to in section   49J; and

  (b)   the reports referred to in section   49K.

Penalty:   300 penalty units.

  (1A)   If an individual:

  (a)   commits an offence against subsection   (1) because of Part   2.4 of the Criminal Code ; or

  (b)   commits an offence under Part   2.4 of the Criminal Code in relation to an offence against subsection   (1);

he or she is punishable, on conviction, by a fine not exceeding 60 penalty units.

  (2)   An offence against this section is an offence of strict liability.

Note 1:   For strict liability , see section   6.1 of the Criminal Code .

Note 2:   Chapter   2 of the Criminal Code sets out the general principles of criminal responsibility.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback