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

Statutory Rules 1997No. 225 1

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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, make the following Regulations under the Insurance (Agents and Brokers)

Act 1984.

Dated 20 August 1997.

 WILLIAM DEANE

 Governor-General

By His Excellency’s Command,

ian campbell

Parliamentary Secretary to the Treasurer

for the

Treasurer

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1.   Amendment

1.1   The Insurance (Agents and Brokers) Regulations are amended as set out in these Regulations.

[Note: These Regulations commence on gazettal: see Acts Interpretation

Act 1901, s. 48.]

2.   New Regulation 4

2.1   After regulation 3, insert:

Domestic or personal insurance business

 “4.(1) For paragraphs 19 (1) (c), 21 (1) (ba) and 21 (1A) (da) and subsection 25 (1AA) of the Act, the undertaking of liability under a contract of insurance that is a prescribed contract under section 34 of the Insurance Contracts Act 1984 is domestic or personal insurance business.

 “(2) In subregulation (1), ‘contract of insurance’ includes an interim contract of insurance within the meaning of subsection 11 (2) of the Insurance Contracts Act 1984.”. 

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 27 August 1997.

2. Statutory Rules 1985 No. 367 as amended by 1985 No. 368; 1986 No. 351; 1987 No. 339; 1989 No. 277; 1990 No. 447; 1994 No. 325; 1995 No. 57; 1996 No. 303.