New South Wales Consolidated Acts New South Wales Consolidated ActsSubject to this Act, any function conferred on the Authority with respect to licensed insurers (or insurers generally) by or under a provision of this Act, the 1998 Act or the regulations under either Act may be exercised in relation to scheme agents, and for that purpose--
(a) a reference to a licensed insurer or insurer in a provision conferring such a function is to be read as including a reference to a scheme agent, and
(b) a reference to the conditions of a licence of a licensed insurer is to be read as including a reference to the conditions of a scheme agent's agency arrangement with the Nominal Insurer.