Insurance (Agents and Brokers) Regulations (Amendment) (Cth)

Statutory Rules 1987 No. 3391

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Insurance (Agents and Brokers) Regulations2 (Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Insurance (Agents and Brokers) Act 1984.

Dated 21 December 1987.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

Clyde Holding

Minister of State for Employment Services and Youth Affairs

for and on behalf of the Treasurer

 

Commencement

1. (1) Subregulation 3 (1) shall be deemed to have come into operation on 3 December 1986.

(2) Subregulation 3 (2) shall be deemed to have come into operation on 1 April 1987.

Principal Regulations

2. In these Regulations “Principal Regulations” means the Insurance (Agents and Brokers) Regulations.

 

(S.R. 105/87)—Cat. No. 15/11.5.1987

 

Prescribed manner of investing—subsection 26 (4) of the Act

3. (1) Regulation 10 of the Principal Regulations is amended:

(a) by omitting the definitions of “member” and “stock exchange” in subregulation (1) and substituting the following definitions:

“ ‘member’, in relation to a prescribed stock exchange, includes a partner in a member firm of the stock exchange;

‘stock exchange’ means:

(a) The Ballarat Stock Exchange;

(b) The Bendigo Stock Exchange;

(c) The Brisbane Stock Exchange Limited;

(d) The Hobart Stock Exchange Limited;

(e) The Stock Exchange of Adelaide Limited;

(f) The Stock Exchange of Melbourne Limited;

(g) The Stock Exchange of Newcastle Limited;

(h) The Stock Exchange of Perth Limited; or

(i) The Sydney Stock Exchange Limited.”; and

(b) by omitting from subparagraph (2) (h) (iii) “an Australian stock exchange” and substituting “a stock exchange”.

(2) Regulation 10 of the Principal Regulations is amended by omitting the definition of “stock exchange” in subregulation (1) and substituting the following definition:

“ ‘stock exchange’ means:

(a) Australian Stock Exchange Limited;

(b) The Ballarat Stock Exchange;

(c) The Bendigo Stock Exchange; or

(d) The Stock Exchange of Newcastle Limited.”.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 11 January 1988.

2. Statutory Rules 1985 No. 367 as amended by 1985 No. 368; 1986 No. 351.

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