Commonwealth Consolidated Acts

LIFE INSURANCE ACT 1995 - SECT 7A

  (1)   APRA may, in writing, determine that any or all of the following provisions of this Act do not apply to a person while the determination is in force:

  (a)   a provision of Part   2, 2A, 2B or 3;

  (b)   a provision of Division   1, 3, 4, 5 or 6 of Part   4;

  (c)   section   75;

  (d)   section   76;

  (e)   section   78;

  (f)   section   79;

  (g)   section   80;

  (h)   section   81;

  (j)   section   230AAA.

  (2)   The determination:

  (a)   may be expressed to apply to a particular person or to a class of persons; and

  (b)   may specify the period during which the determination is in force; and

  (c)   may be made subject to specified conditions.

  (3)   If APRA makes a determination that applies to a particular person, APRA must also give the person written notice of the determination.

  (4)   APRA may, in writing, vary or revoke a determination under this section.

  (5)   The following instruments made under this section are not legislative instruments:

  (a)   a determination that applies to a particular person;

  (b)   an instrument varying or revoking a determination that applies to a particular person.

  (6)   Otherwise, an instrument made under this section is a legislative instrument.