Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Lloyd's must at all times be represented for the purposes of this Act by an individual resident in Australia and appointed by Lloyd's as the agent of Lloyd's for the purposes of this Act.
(2) Subsections 118(2) to (5) (inclusive) apply to Lloyd's in a corresponding way to the way in which they apply to a body corporate of the kind referred to in subsection 118(1).
(3) Subsections 118(2) to (5) (inclusive) apply to an appointment under subsection (1) of this section in a corresponding way to the way in which they apply to an appointment under subsection 118(1).
(4) Anything done in his or her representative capacity by a
person appointed by Lloyd's as, or to act as, its agent in accordance with
this section (including section 118 as applied by this section) is
taken, for the purposes of this Part, to have been done by Lloyd's.
However this subsection does not affect any liability of the agent under this
Part.