40DMandatory notification

#### 40D Mandatory notification 40D Mandatory notification > > (1) The regulations may make provision for or with respect to requiring a scheme participant to notify the Authority of any contravention of this Act of which the scheme participant becomes aware. Any such requirement is a mandatory notification requirement. > > > (2) Each of the following is a scheme participant— > > > > > (a) an insurer, > > > > > (b) any specified person, or person of a specified class, on whom functions are conferred by this Act. > > > (3) A mandatory notification requirement may apply in relation to all or any specified class of insurers. > > > (4) Without limiting subsection (1), the regulations may— > > > > > (a) provide for the form and manner in which notification is to be given, and > > > > > (b) provide for when the notification is to be given, and > > > > > (c) provide for the information required to be notified, and > > > > > (d) provide for any further requirements relating to the notification (such as a requirement to provide further information or answer questions). > > **ch 2, pt 7 (ss 40A–40D):** Ins 2018 No 62, Sch 4 \[2\].