Document ID: chunk:federal_register_of_legislation:F2024C01017:clause:1_3ad
Version: federal_register_of_legislation:F2024C01017
Segment Type: clause
Provision Reference: sch 1 cl 3AD
Character Range: 6849–8181

3AD  Revocation of appointment of nominal defendant
 (1) The Minister may, by notice in writing published in the Government Gazette of the Territory, revoke the appointment of an approved insurer as the nominal defendant if:
 (a) the insurer asks the Minister, in writing, to do so; or
 (b) the Minister thinks it appropriate in the circumstances.
 (2) If the Minister appoints a nominal defendant, a previous appointment of a nominal defendant is taken to have been revoked.
 (3) If the appointment of a nominal defendant is revoked, any action that has been commenced, but not concluded, against the former nominal defendant:
 (a) is taken to continue; and
 (b) is taken for all purposes to have been commenced against the new nominal defendant on the day it was commenced against the former nominal defendant.

[6]  Subsection 3R(4)
substitute
 (4) The Director General must, whenever he or she is directed to do so by an approved insurer, remit to the approved insurer the total amount of all insurance premiums received by the Director General on account of insurance policies issued on behalf of the insurer under this Act, less any agreed commission, together with the prescribed documents and information (if any) in relation to those premiums.

[7]  Subsection 3R(5)
omit

[8]  Section 3S
omit

[9]  Section 3T
substitute