Revocation of authorisation to carry on insurance business
Insurance Act 1973
To: HSB Engineering Insurance Limited ABN 24 076 158 962 (‘the general insurer’)
Level 7, 68 Harrington Street, Sydney NSW 2000
Since:
(a) the general insurer was authorised on 17 February 1988 under section 12 of the Act to carry on insurance business in Australia (‘the authorisation’);
(b) the general insurer has asked APRA to revoke the authorisation; and
(c) APRA is satisfied the general insurer has no liabilities in respect of insurance business carried on by it in Australia and revoking the authorisation would not be contrary to the national interest,
I, Brandon Kong Leong Khoo, a delegate of APRA, under section 16(1) of the Act, revoke the general insurer’s authorisation.
The revocation takes effect on the date it is signed. Dated: 22 December 2020
[Signed]
Brandon Kong Leong Khoo1 Executive General Manager Insurance Division
Interpretation
Act means the Insurance Act 1973.
APRA means the Australian Prudential Regulation Authority.
insurance business has the meaning given in section 3(1) of the Act.
Note: A notice that revokes an authorisation must be published in the Gazette.
1 A delegate of APRA.