Revocation of an authorisation to be a NOHC of a general insurer 2022 – Enstar Australia Holdings Pty Limited
Insurance Act 1973
To: Enstar Australia Holdings Pty Limited ABN 20 128 812 546 (‘the body corporate’) Since:
- the body corporate was granted, under subsection 18(3) of the Insurance Act 1973 (the Act), an authorisation to be a NOHC (the NOHC authorisation);
B. the body corporate requested in writing under subsection 22(1) of the Act that APRA revoke the NOHC authorisation; and
C. APRA is satisfied that revoking the NOHC authorisation would not be contrary to either:
(i) the national interest; or
(ii) the interests of the policyholders of any general insurer who is a subsidiary of the body corporate,
I, Brandon Kong Leong Khoo, a delegate of APRA, under subsection 22(1) of the Act, revoke the NOHC authorisation.
This revocation comes into effect on the date this instrument is made. Dated: 23 March 2022
Brandon Kong Leong Khoo Executive Director Insurance Division
Interpretation
APRA means the Australian Prudential Regulation Authority. authorised NOHC has the meaning given in subsection 3(1) of the Act. general insurer has the meaning given in section 11 of the Act.
NOHC is short for non-operating holding company and has the meaning given in subsection 3(1) of the Act.
NOHC authorisation has the meaning given in subsection 18(1) of the Act.
subsidiary has the meaning given in section 4 of the Act.
Note: APRA must give a written notice to the body corporate and ensure that notice of the revocation is published in the Gazette, if it revokes a NOHC authorisation of a body corporate under section 22 of the Act.