Motor Accident Insurance Regulation 2018
sec.25Accounts and returns— Act , s 70
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sec.25 Accounts and returns— Act , s 70
On filing or giving accounts, returns or other information under the Corporations Act or the Insurance Act 1973 (Cwlth) , a licensed insurer must file a copy with the commission. If a licensed insurer receives a request for information or explanation from the Australian Prudential Regulation Authority, the insurer must, within 1 month after responding to the request, file a copy of the request and its response to the request with the commission. If the commission asks a licensed insurer for an actuarial report on the insurer’s financial position, the insurer must file the report with the commission within 3 months after receiving the request. If a transaction happens that may affect control of a licensed insurer, the insurer must file full particulars of the transaction with the commission within 1 month after it happens. If a change of the manager responsible for managing a licensed insurer’s CTP business happens, the insurer must file full particulars of the change with the commission within 1 month after it happens. (sec.25-ssec.1) On filing or giving accounts, returns or other information under the Corporations Act or the Insurance Act 1973 (Cwlth) , a licensed insurer must file a copy with the commission. (sec.25-ssec.2) If a licensed insurer receives a request for information or explanation from the Australian Prudential Regulation Authority, the insurer must, within 1 month after responding to the request, file a copy of the request and its response to the request with the commission. (sec.25-ssec.3) If the commission asks a licensed insurer for an actuarial report on the insurer’s financial position, the insurer must file the report with the commission within 3 months after receiving the request. (sec.25-ssec.4) If a transaction happens that may affect control of a licensed insurer, the insurer must file full particulars of the transaction with the commission within 1 month after it happens. (sec.25-ssec.5) If a change of the manager responsible for managing a licensed insurer’s CTP business happens, the insurer must file full particulars of the change with the commission within 1 month after it happens.