Terrorism and Cyclone Insurance Act 2003
11Powers of Corporation
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11 Powers of Corporation
(1) The Corporation has power to do all things necessary or convenient to be done for or in connection with the performance of its functions. (2) For the avoidance of doubt, the powers of the Corporation include: (a) the power to charge premiums in respect of contracts of insurance for which it is the insurer; and (b) the power to charge fees for services that it provides in connection with the performance of its functions. (3) Division 1 of Part III (Authorisation to carry on insurance business) of the Insurance Act 1973 does not apply, and is taken never to have applied, to the Corporation.