Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 28

Continuation of effect of company's registration

                   If APRA cancels a company's registration by a notice under subsection 26(2) or 27(1), the notice may state that the registration continues in effect in relation to a specified matter or specified period, as though the cancellation had not happened, for the purposes of:

                     (a)  a specified provision of this Act or the regulations that is administered by APRA; or

                     (b)  a specified provision of another law of the Commonwealth that is administered by APRA;

and the statement has effect accordingly.


 



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