7BPolicies that are not protected policies

7B Policies that are not protected policies

For the purposes of paragraph (a) of the definition of protected policy in subsection 3(1) of the Act, the following policies are not protected policies: (a) a policy: (i) that is required to be held under a law of a State or Territory; and (ii) that is protected through arrangements administered by the State or Territory; (b) a policy that is a pre‑authorisation liability of a foreign general insurer; (c) a policy that is a reinsurance or a retrocession of another policy; (d) a policy that is an indemnification of another policy.