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Life Insurance Act 1995
27Voluntary deregistration
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27 Voluntary deregistration
(1) If: (a) a company gives APRA a written request that its registration under section 21 be cancelled; and (b) APRA is satisfied that: (i) no policies issued by the company remain in force; and (ii) the company is not subject to any outstanding policy liabilities; APRA may revoke (under this section) the registration under section 21 of the company by giving the company written notice of revocation. (2) Revocation under this section of the registration of a company takes effect when APRA gives the company written notice of revocation.