Insurance Regulations (Amendment) (Cth)

Statutory Rules 1997No. 224 1

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Insurance 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 Act 1973.

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 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 26A

2.1   After regulation 26, insert:

Codes of insurance practice—section 113 of Act

 “26A. (1) For section 113 of the Act, there is prescribed the business that is the undertaking of liability under a contract of insurance that is a prescribed contract under section 34 of the Insurance Contracts Act 1984.

 “(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 1974 No. 141 as amended by 1976 Nos. 90, 126, 139 and 288; 1977 No. 213; 1980 No. 107; 1981 No. 209; 1985 No. 189; 1987 No. 340; 1990 No. 446; 1992 No. 177; 1994 No. 277; 1995 No. 140; 1996 Nos. 45 and 302; 1997 No. 172.