Commonwealth Numbered Regulations

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INSURANCE REGULATIONS 2002 2002 No. 103 - REG 7

Notice of commencement and cessation of businesses
A body corporate authorised under the Act to carry on insurance business must:

(a)
if it was not carrying on insurance business in Australia at the date of its application under section 12 of the Act for authority to carry on insurance business, tell APRA in writing of the date when it started to carry on insurance business in Australia within 7 days after that date; and

(b)
tell APRA in writing of the date on which it ceases to carry on insurance business in Australia within 7 days after that date.

Penalty:
5 penalty units.



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