Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsStatutory Rules No. 162, 2003
made under the
Terrorism and Cyclone Insurance Act 2003
Compilation No. 11
Compilation date: 1 March 2024
Includes amendments: F2024L00199
Registered: 4 March 2024
About this compilation
This compilation
This is a compilation of the Terrorism and Cyclone Insurance Regulations 2003 that shows the text of the law as amended and in force on 1 March 2024 (the compilation date).
The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.
Uncommenced amendments
The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.
Application, saving and transitional provisions for provisions and amendments
If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.
Editorial changes
For more information about any editorial changes made in this compilation, see the endnotes.
Modifications
If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.
Self-repealing provisions
If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.
Contents
3 Definitions
3A Definition of a cyclone and when a cyclone ends or reintensifies
3B Definition of unauthorised foreign insurer
4 Eligible property
4A Definitions of strata or community title development and related terms
5 Eligible insurance contract--exclusions
5A Premium income threshold for eligible cyclone loss cover
5B Definition of pool insurance contract
5C Definitions of storm surge and flood
5D End of claims period for a cyclone event
5E Content of Financial Outlook Report
10 Application of the Terrorism Insurance Amendment Regulations 2017
11 Application of amendments made by the Treasury Laws Amendment (Miscellaneous Amendments) Regulations 2019
Schedule 1--Exclusions
Endnotes
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
Abbreviation key--Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.
Legislation history and amendment history--Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.
The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.
The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.
Editorial changes
The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.
If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.
Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.
If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and "(md not incorp)" is added to the amendment history.
ad = added or inserted | o = order(s) |
am = amended | Ord = Ordinance |
amdt = amendment | orig = original |
c = clause(s) | par = paragraph(s)/subparagraph(s) |
C[x] = Compilation No. x | /sub-subparagraph(s) |
Ch = Chapter(s) | pres = present |
def = definition(s) | prev = previous |
Dict = Dictionary | (prev ... ) = previously |
disallowed = disallowed by Parliament | Pt = Part(s) |
Div = Division(s) | r = regulation(s)/rule(s) |
ed = editorial change | reloc = relocated |
exp = expires/expired or ceases/ceased to have | renum = renumbered |
effect | rep = repealed |
F = Federal Register of Legislation | rs = repealed and substituted |
gaz = gazette | s = section(s)/subsection(s) |
LA = Legislation Act 2003 | Sch = Schedule(s) |
Sdiv = Subdivision(s) | |
(md) = misdescribed amendment can be given | SLI = Select Legislative Instrument |
effect | SR = Statutory Rules |
(md not incorp) = misdescribed amendment | Sub-Ch = Sub-Chapter(s) |
cannot be given effect | SubPt = Subpart(s) |
mod = modified/modification | underlining = whole or part not |
No. = Number(s) | commenced or to be commenced |
Endnote 3--Legislation history
Number and year | FRLI registration or gazettal | Commencement | Application, saving and transitional provisions |
162, 2003 | 26 June 2003 | 1 July 2003 |
|
244, 2003 | 25 Sept 2003 | r 1-3 and Sch 1: 25 Sept 2003 | -- |
107, 2007 | 27 Apr 2007 (F2007L01095) | 1 July 2007 (r 2) | -- |
193, 2013 | 26 July 2013 (F2013L01441) | 26 July 2013 (s 2) | -- |
Name | Registration | Commencement | Application, saving and transitional provisions |
Terrorism Insurance Amendment Regulations 2017 | 14 Mar 2017 (F2017L00207) | 1 July 2017 (s 2(1) item 1) | -- |
Insurance Contracts and Other Laws (Repeal and Consequential Amendments) Regulations 2017 | 19 Dec 2017 (F2017L01663) | Sch 1 (item 3): 1 Apr 2018 (s 2(1) item 1) | -- |
Treasury Laws Amendment (Miscellaneous Amendments) Regulations 2019 | 17 Dec 2019 (F2019L01641) | Sch 1 (items 32-36): 18 Dec 2019 (s 2(1) item 2) | -- |
Terrorism Insurance Amendment (Cyclones and Related Flood Damage) Regulations 2021 | 15 Oct 2021 (F2021L01438) | 16 Oct 2021 (s 2(1) item 1) | -- |
Terrorism Insurance Amendment (Cyclone and Related Flood Damage Reinsurance Pool) Regulations 2022 | 4 Apr 2022 (F2022L00510) | Sch 1 (items 4-15): 5 Apr 2022 (s 2(1) item 1) | -- |
Treasury Laws Amendment (Precontractual Disclosure and Other Measures) Regulations 2023 | 15 Dec 2023 (F2023L01677) | Sch 2 (item 9): 16 Dec 2023 (s 2(1) item 4) | -- |
Treasury Laws Amendment (Insurance) Regulations 2024 | 20 Feb 2024 (F2024L00199) | Sch 2 (item 10): 1 Mar 2024 (s 2(1) item 1) | -- |
Provision affected | How affected |
r 1..................... | rs F2022L00510 |
r 2..................... | rep LA s 48D |
r 3..................... | am F2017L00207; F2019L01641 |
| ed C7 |
| am F2022L00510 |
r 3A.................... | ad F2022L00510 |
r 3B.................... | ad F2024L00199 |
r 4..................... | am F2021L01438 |
r 4A.................... | ad F2022L00510 |
r 5..................... | am F2021L01438; F2022L00510 |
r 5A.................... | ad F2022L00510 |
| am F2023L01677 |
r 5B.................... | ad F2022L00510 |
r 5C.................... | ad F2022L00510 |
r 5D.................... | ad F2022L00510 |
r 5E.................... | ad F2022L00510 |
r 6..................... | ad No 193, 2013 |
| am F2021L01438 |
| rep F2022L00510 |
r 10.................... | ad F2017L00207 |
r 11.................... | ad F2019L01641 |
Schedule 1 |
|
Schedule 1................ | am No 244, 2003; No 107, 2007; F2017L00207; F2017L01663; F2019L01641 |
| ed C7 |