Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 131

Requirement to give information to Regulator

  (1)   For the purposes of this Act, the Regulator may give a body corporate that is a life company or a registered NOHC a written notice requiring the body to give the Regulator, in writing:

  (a)   information about any matter relating to the body's business; or

  (b)   information about any matter relating to the business of a subsidiary of the body; or

  (c)   a copy of any document relating to such a matter held by the body.

  (2)   The notice must specify a period within which the information or copy is to be given to the Regulator. The period specified must be a period ending not earlier than 7 days, and not later than one month, after the day on which the notice is given to the body.

  (3)   A body corporate that is a life company or a registered NOHC must comply with a notice under this section.

  (4)   A body is entitled to be paid reasonable compensation for making copies for the purpose of complying with a notice requiring that a copy of a document be given to the Regulator.



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