Documents to be Provided to APRA after the Court has Approved a Scheme[12]

1. An insurer to which insurance business is transferred, or with whose insurance business any part of the business of another insurer is amalgamated, must give APRA the following documents:

2. a certified copy of each of the following documents:

3. the scheme providing for the transfer or amalgamation;

4. the Court order confirming the scheme;

5. a statement of the assets and liabilities of each insurer associated with the transfer or amalgamation, before and after the transfer or amalgamation;

6. a statutory declaration by a Director:

7. setting out, in relation to the transfer or amalgamation:

• each payment made; and
• a reasonable estimate of each payment to be made; and

1. stating that they reasonably believe that no other payment has been made, or will be made, by, or with the knowledge of, a party to the transfer or amalgamation.

2. The documents specified in paragraph 18 must be lodged with APRA within 30 days after the transfer or amalgamation is completed.

3. An insurer may apply to APRA, in writing, before the end of the 30 day period, for an extension of the time in which to lodge the documents specified in paragraph 18. If APRA believes that the insurer cannot reasonably provide the documents within 30 days, APRA must, within 14 days of receiving an application for an extension, give a written extension of up to 30 days.[13]

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