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General Insurance Legislation

Prudential Regulation

Legislation prescribing APRA’s powers in respect of the authorisation and prudential supervision of general insurers.

Insurance Act 1973 (current)
Insurance Regulations 2002 (current)
Insurance Act 1973 (as in force before 1 July 2002)
Insurance Regulations 1974 (as in force before 1 July 2002)
General Insurance Supervisory Levy Imposition Act 1998

Shareholdings, changes in control and transfers of business

Legislation regarding the approval of shareholdings in general insurers, changes in control or directorship of general insurers and transfers of certain assets and/or liabilities. Sections 17 and Part II, Division 3A of the Insurance Act 1973 may also be relevant.

Financial Sector (Shareholdings) Act 1998
Insurance (Acquisitions and Takeovers) Act 1991
Financial Sector (Business Transfer and Group Restructure) Act 1999
Transfer Rules No. 1 of 2007

Data Collection

Financial Sector (Collection of Data) Act 2001
Information on the prudential reporting framework for general insurers

Levies

General Insurance levy determinations