Queensland Consolidated Acts Queensland Consolidated Acts(1) The commission may by notice in writing require the chief executive officer or another appropriate officer of a licensed insurer, or both, to give the commission within a reasonable period a declaration for the period to which the notice relates--
(a) that the licensed insurer has complied with section 96(1); and
(b) that the licensed insurer has not established or treated the cost of any inducement to which section 96(2)(c) or (3)(b) applies as a cost, expense or charge under or against the insurer's CTP insurance policies or CTP business generally; and
(c) that the licensed insurer has complied with section 97(5).
(2) The commission may require the declaration to be given on an annual basis or in relation to a particular period, as stated by the commission in the notice.
(3) A person of whom the declaration is required must be a resident of Australia.
(4) A person of whom the declaration is required--
(a) must give the declaration as required, unless the person has a reasonable excuse; and
(b) must not make a false declaration.
Maximum penalty--300 penalty units.
(5) In this section--
appropriate officer of the licensed insurer means an officer of the licensed insurer who the commission considers is appropriate to provide the declaration.