{"id":"C2004L04983","name":"Insurance Acquisitions and Takeovers Regulations (Repeal)","slug":"insurance-acquisitions-and-takeovers-regulations-repeal","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"194 of 1998","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":27745,"registerId":"commonwealth-C2004L04983-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Insurance Acquisitions and Takeovers Regulations (Repeal)","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.png)\n\nStatutory Rules 1998    No. 1941\n\n__________________\n\nInsurance Acquisitions and Takeovers Regulations (Repeal)\n\nI, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations under the Insurance Acquisitions and Takeovers Act 1991.\n\nDated 30 June 1998.\n\n WILLIAM DEANE   Governor-General\n\nBy His Excellency’s Command,\n\nIAN CAMPBELL\n\nParliamentary Secretary to the Treasurer\n\nfor the\n\nTreasurer\n\n____________\n\n1.   Commencement\n\n1.1   These regulations commence on 1 July 1998.\n\n\n2.   Repeal\n\n2.1   The following Statutory Rules are repealed:\n\n-      1997 No. 236\n-      1998 No. 79.\n\n\n___________________________________________________________\n\nNOTE\n\n1. Notified in the Commonwealth of Australia Gazette on 30 June 1998.\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n","sortOrder":0}],"analysis":{"summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This instrument purely repeals two earlier statutory rules; it does not alter any rights, obligations, or regulatory procedures."},"complexity_factors":["Repeal instrument only; no new substantive provisions","Affects spent or superseded regulations","Straightforward legislative housekeeping"],"plain_english_summary":"This instrument (commencing 1 July 1998) is a narrow repeal that formally revokes Statutory Rules 1997 No. 236 and Statutory Rules 1998 No. 79, both made under the Insurance Acquisitions and Takeovers Act 1991. It is housekeeping only: it does not change substantive law, affect current obligations, or alter rights, liabilities, approvals or compliance—it simply removes spent subordinate legislation from the statute book."},"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1803},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This regulation performs exactly the housekeeping function described in its title—repealing two specific sets of regulations. It has not expanded beyond its stated purpose of cleaning up the statute book."},"complexity_factors":["Only two operative provisions (commencement and repeal)","No defined terms or interpretation section","No conditional logic, exceptions, or cross-references to complex substantive provisions","Simple repeal of cited regulations by reference number only"],"plain_english_summary":"This regulation cleans up the statute book by **removing two earlier sets of rules** about insurance company takeovers.\n\n**What it does**\n*   **Repeals two regulations**: It cancels the *Insurance Acquisitions and Takeovers Regulations 1997* (Statutory Rules 1997 No. 236) and the *Insurance Acquisitions and Takeovers Amendment Regulations 1998* (Statutory Rules 1998 No. 79).\n*   **Timing**: The repeal takes effect on 1 July 1998.\n\n**Why it matters**\nThese repealed regulations previously set out operational details for the *Insurance Acquisitions and Takeovers Act 1991*, which governed how people could acquire or take control of insurance companies. By July 1998, that Act was being abolished (as part of broader financial sector reforms transferring insurance oversight to the Australian Prudential Regulation Authority), so these specific rules were no longer needed. This instrument simply tidies up the law by formally deleting them."}},"importantCases":[],"_links":{"self":"/api/acts/insurance-acquisitions-and-takeovers-regulations-repeal","history":"/api/acts/insurance-acquisitions-and-takeovers-regulations-repeal/history","analysis":"/api/acts/insurance-acquisitions-and-takeovers-regulations-repeal/analysis","conflicts":"/api/acts/insurance-acquisitions-and-takeovers-regulations-repeal/conflicts","importantCases":"/api/acts/insurance-acquisitions-and-takeovers-regulations-repeal/important-cases","documents":"/api/acts/insurance-acquisitions-and-takeovers-regulations-repeal/documents"}}