sec.532NAppointment of investigator

### sec.532N Appointment of investigator If the Regulator considers it desirable in the public interest, the Regulator may appoint an investigator to investigate the affairs of an insurer. See also section 532P . Also, the Regulator may appoint an investigator to investigate the relevant affairs of either of the following entities— a law practice or lawyer that is acting or has acted for a claimant; an entity prescribed by regulation for this section. The Regulator may appoint an investigator under subsection (2) if the Regulator reasonably suspects that section 325R (1) or (2) or 325T may have been contravened by the investigated person or an associated person for the investigated person. The Regulator may, by written instrument, appoint any of the following persons as an investigator— an Australian legal practitioner; a qualified accountant; another appropriately qualified person. The instrument of appointment must state the terms of appointment and the matters into which the investigation is to be made. The instrument of appointment may state a period within which the investigation must be completed. Without limiting the Acts Interpretation Act 1954 , section 25 , the Regulator may, by written notice given to the investigator— amend the instrument of appointment; or end the appointment. In this section— Australian legal practitioner see the Legal Profession Act 2007 , section 6 . qualified accountant means— a member of CPA Australia Ltd ACN 008 392 452 who is entitled to use the letters ‘CPA’ or ‘FCPA’; or a member of Chartered Accountants Australia and New Zealand ARBN 084 642 571 who is entitled to use the letters ‘CA’ or ‘FCA’; or a member of the Institute of Public Accountants Ltd ACN 004 130 643 who is entitled to use the words ‘MIPA’ or ‘FIPA’. relevant affairs , of an investigated person, means matters relating to how the investigated person received or was referred instructions for a claim, and how the investigated person gave or referred instructions for a claim, and includes a transaction involving the investigated person or an associated person for the investigated person relevant to the receipt or referral of instructions. s 532N ins 2022 No. 13 s 61 (sec.532N-ssec.1) If the Regulator considers it desirable in the public interest, the Regulator may appoint an investigator to investigate the affairs of an insurer. See also section 532P . (sec.532N-ssec.2) Also, the Regulator may appoint an investigator to investigate the relevant affairs of either of the following entities— a law practice or lawyer that is acting or has acted for a claimant; an entity prescribed by regulation for this section. (sec.532N-ssec.3) The Regulator may appoint an investigator under subsection (2) if the Regulator reasonably suspects that section 325R (1) or (2) or 325T may have been contravened by the investigated person or an associated person for the investigated person. (sec.532N-ssec.4) The Regulator may, by written instrument, appoint any of the following persons as an investigator— an Australian legal practitioner; a qualified accountant; another appropriately qualified person. (sec.532N-ssec.5) The instrument of appointment must state the terms of appointment and the matters into which the investigation is to be made. (sec.532N-ssec.6) The instrument of appointment may state a period within which the investigation must be completed. (sec.532N-ssec.7) Without limiting the Acts Interpretation Act 1954 , section 25 , the Regulator may, by written notice given to the investigator— amend the instrument of appointment; or end the appointment. (sec.532N-ssec.8) In this section— Australian legal practitioner see the Legal Profession Act 2007 , section 6 . qualified accountant means— a member of CPA Australia Ltd ACN 008 392 452 who is entitled to use the letters ‘CPA’ or ‘FCPA’; or a member of Chartered Accountants Australia and New Zealand ARBN 084 642 571 who is entitled to use the letters ‘CA’ or ‘FCA’; or a member of the Institute of Public Accountants Ltd ACN 004 130 643 who is entitled to use the words ‘MIPA’ or ‘FIPA’. relevant affairs , of an investigated person, means matters relating to how the investigated person received or was referred instructions for a claim, and how the investigated person gave or referred instructions for a claim, and includes a transaction involving the investigated person or an associated person for the investigated person relevant to the receipt or referral of instructions. - (a) a law practice or lawyer that is acting or has acted for a claimant; - (b) an entity prescribed by regulation for this section. - (a) an Australian legal practitioner; - (b) a qualified accountant; - (c) another appropriately qualified person. - (a) amend the instrument of appointment; or - (b) end the appointment. - (a) a member of CPA Australia Ltd ACN 008 392 452 who is entitled to use the letters ‘CPA’ or ‘FCPA’; or - (b) a member of Chartered Accountants Australia and New Zealand ARBN 084 642 571 who is entitled to use the letters ‘CA’ or ‘FCA’; or - (c) a member of the Institute of Public Accountants Ltd ACN 004 130 643 who is entitled to use the words ‘MIPA’ or ‘FIPA’.