Insurance Regulations (Amendment) (Cth)

Statutory Rules 1996

No. 45 1

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Insurance 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 Act 1973.

Dated 10 April 1996.

 WILLIAM DEANE

 Governor-General

By His Excellency’s Command,

JIM SHORT

Assistant 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 8A

2.1   After regulation 8, insert:

Exemption limit for premiums (Act, subsection 37 (1A))

 “8A. For the purposes of subsection 37 (1A) of the Act, the exemption limit is $1,500,000.”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 17 April 1996.

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.