sec.23Information and materials for application— Act , s 62 (2) (b)

sec.23 Information and materials for application— Act , s 62 (2) (b)

An application for a licence under part 5 of the Act must be accompanied by all of the following— a description of the applicant, the nature of its business and its experience in the business of general insurance in the State; a copy of the Act , charter, deed of settlement, memorandum and articles of association or other document by which the applicant is established; if the applicant is a body corporate limited by shares— particulars of the applicant’s capital structure, the classes of its shares and its paid-up share capital; and particulars of the applicant’s shareholders; particulars of the applicant’s directors, or the members of its governing body; particulars of the managers and staff who are to be involved in the applicant’s CTP insurance business; particulars of entities with which the applicant is associated in its insurance business; if the applicant is subject to the Corporations Act —copies of the returns and accounts of the applicant for the last 3 years under that Act; if the applicant is subject to the Insurance Act 1973 (Cwlth) —copies of the applicant’s returns for the last 3 years under that Act; full particulars of reinsurance arrangements or proposed reinsurance arrangements for the applicant’s CTP insurance business; a business plan describing how the applicant’s CTP insurance business is to be conducted, including details about marketing, claims handling, the provision of rehabilitation services, the keeping of records, systems management and control of costs.

• (a) a description of the applicant, the nature of its business and its experience in the business of general insurance in the State;
• (b) a copy of the Act , charter, deed of settlement, memorandum and articles of association or other document by which the applicant is established;
• (c) if the applicant is a body corporate limited by shares— (i) particulars of the applicant’s capital structure, the classes of its shares and its paid-up share capital; and (ii) particulars of the applicant’s shareholders;
• (i) particulars of the applicant’s capital structure, the classes of its shares and its paid-up share capital; and
• (ii) particulars of the applicant’s shareholders;
• (d) particulars of the applicant’s directors, or the members of its governing body;
• (e) particulars of the managers and staff who are to be involved in the applicant’s CTP insurance business;
• (f) particulars of entities with which the applicant is associated in its insurance business;
• (g) if the applicant is subject to the Corporations Act —copies of the returns and accounts of the applicant for the last 3 years under that Act;
• (h) if the applicant is subject to the Insurance Act 1973 (Cwlth) —copies of the applicant’s returns for the last 3 years under that Act;