Commonwealth legislation

Insurance determination allowing extra time for claims No. 1 of 2010

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This Act has been repealed and is no longer in force. It is retained for historical reference.

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legislative instrument

Plain English Summary

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This determination, made by APRA under the Insurance Act 1973, extends the deadline for lodging Financial Claims Scheme claims against the failed insurer Australian Family Assurance Limited (ABN 78 003 044 862).

It affects anyone who holds or held a policy with that insurer and ensures policyholders have until 16 October 2011 to submit claims so they don’t miss out on FCS compensation.

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Insurance determination allowing extra time for claims No. 1 of 2010

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Insurance determination allowing extra time for claims No. 1 of 2010

Financial Claims Scheme relating to Australian Family Assurance Limited

Insurance Act 1973

I, Keith Chapman, a delegate of APRA under subsection 62ZZA(1) of the Insurance Act 1973 (the Act) DETERMINE that the period for making one or more claims on Australian Family Assurance Limited ABN 78 003 044 862 (a declared general insurer) that may give rise to an entitlement under Part VC of the Act, is extended to 16 October 2011.

Dated: 29 September 2010

[Signed]

Keith Chapman

Executive General Manager

Supervisory Support Division

Interpretation

In this Notice

APRA means the Australian Prudential Regulation Authority.

declared general insurer has the meaning given in subsection 3(1) of the Act.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

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Insurance determination allowing extra time for claims No. 1 of 2010

Financial Claims Scheme relating to Australian Family Assurance Limited

Insurance Act 1973

Dated: 29 September 2010

[Signed]

Keith Chapman

Executive General Manager

Supervisory Support Division

Interpretation

In this Notice

APRA means the Australian Prudential Regulation Authority.

declared general insurer has the meaning given in subsection 3(1) of the Act.