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

Statutory Rules 1995

No. 57 1

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Insurance (Agents and Brokers) Regulations 2(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 22 March 1995.

 BILL HAYDEN

 Governor-General

By His Excellency’s Command,

PAUL ELLIOTT

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.   Regulation 2B (Extent of indemnity under contract of insurance—paragraph 9B (1) (c) of the Act)

2.1   Subparagraph 2B (2) (b) (ii):

Omit “$1,000,000”, substitute “$5,000,000”.

2.2   Paragraph 2B (2) (c):

Omit “$1,000,000” (twice occurring), substitute “$5,000,000”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 29 March 1995.

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.