Commonwealth Consolidated Acts

INSURANCE ACT 1973 - SECT 92S

             (1)  If:

                     (a)  section 93 has ceased to have effect; and

                     (b)  APRA is satisfied that there are no outstanding liabilities of Lloyd's underwriters that are covered by any designated security trust fund;

APRA must return to:

                     (c)  Lloyd's; or

                     (d)  if a company nominated by Lloyd's deposited securities with APRA under section 92Q--that company;

such of the securities lodged by Lloyd's or that company, as the case may be, under section 92Q as have not been applied under section 92R.

             (2)  In this section:

"Lloyd's underwriter" includes:

                     (a)  a former Lloyd's underwriter; and

                     (b)  the legal personal representative of a Lloyd's underwriter or a former Lloyd's underwriter.