Commonwealth Consolidated Regulations

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TERRORISM AND CYCLONE INSURANCE REGULATIONS 2003 - REG 5A

Premium income threshold for eligible cyclone loss cover

  (1)   For the purposes of subsection   8A(5) of the Act, the prescribed threshold amount is $10 million.

  (2)   For the purposes of subsection   8A(6) of the Act, the prescribed reporting standard is Reporting Standard GRS 600.0 Supplementary Capital Data: Premiums and Claims , set out in the Financial Sector (Collection of Data) (reporting standard) determination No. 96 of 2023 .



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