Insurance (prudential standard) determination No. 5 of 2006 - Prudential Standard GPS 510 - Governance
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Application
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All insurers (except foreign general insurers[1]), have to comply with this Prudential Standard in its entirety.
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Foreign general insurers (foreign insurers) have to comply with only those provisions of this Prudential Standard which specifically indicate that they apply to foreign insurers. The obligations imposed by this Prudential Standard, on or in relation to foreign insurers, only apply in relation to its Australian business.