Western Australian Consolidated Regulations Western Australian Consolidated Regulations (1) For the purposes
of section 54(1), the information in relation to the insurance cover that
is in effect in respect of a licensed corporation is a document from the
insurer or a broker showing —
(a) the
period in respect of which the insurance cover is in effect;
(b) the
amount of the insurance cover; and
(c) the
categories of persons in respect of whose acts and omissions the insurance
cover applies.
(2) The time for
giving the Board information mentioned in subregulation (1)
is —
(a) in
the case of the initial grant of the licence, 28 days after the day on
which the licensed corporation is advised of the grant of the licence;
(b) in
the case of a renewal of a licence, 14 days after the day on which the
licensed corporation is advised of the renewal; and
(c) in
any case where the insurer, the period of insurance or the amount or type of
cover is changed after the period mentioned in paragraph (a) or (b),
14 days after the change occurs.