Document ID: chunk:federal_register_of_legislation:C2004A03508:body:0:p2
Version: federal_register_of_legislation:C2004A03508
Segment Type: other
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Character Range: 3002–6098

363 of the Principal Act is amended:
     (a) by omitting paragraph (1) (h) and substituting the following paragraph:
          "(h) the Insurance and Superannuation Commissioner appointed under the Insurance and Superannuation Commissioner Act 1987;"; and
     (b) by omitting from subsection (2) "Insurance Commissioner" and substituting "Insurance and Superannuation Commissioner".

PART III—AMENDMENTS OF THE INSURANCE ACT 1973

Principal Act
5. The Insurance Act 19732 is in this Part referred to as the Principal Act.

Interpretation
6. Section 3 of the Principal Act is amended:
     (a) by omitting from subsection (1) the definition of "Commissioner" and substituting the following definition:
          "'Commissioner' means the Insurance and Superannuation Commissioner appointed under the Insurance and Superannuation Commissioner Act 1987, or a person for the time being acting as Insurance and Superannuation Commissioner under that Act;"; and
     (b) by omitting from subsection (1) the definition of "Acting Insurance Commissioner".
7. Sections 8, 9, 10, 11, 12, 14, 15, 18 and 19 of the Principal Act are repealed and the following section is substituted:

General administration of Act
"8. Subject to any directions of the Treasurer, the Commissioner shall have the general administration of this Act.".

Repeal of section 20
8. Section 20 of the Principal Act is repealed.

Secrecy
9. Section 126 of the Principal Act is amended by omitting subsection (1) and substituting the following subsection:
     "(1) Subsection (2) applies to:
     (a) any person who is or has been the Commissioner or a member of the staff assisting the Commissioner; and
     (b) any person who, at any time before the commencement of this subsection, was the Insurance Commissioner or a member of the staff assisting the Insurance Commissioner.".

PART IV—AMENDMENTS OF THE INSURANCE (AGENTS AND BROKERS) ACT 1984

Principal Act
10. The Insurance (Agents and Brokers) Act 19843 is in this Part referred to as the Principal Act.

Interpretation
11. Section 9 of the Principal Act is amended:
     (a) by omitting the definition of "Commissioner" and substituting the following definition:
          " 'Commissioner' means the Insurance and Superannuation Commissioner appointed under the Insurance and Superannuation Commissioner Act 1987, or a person for the time being acting as Insurance and Superannuation Commissioner under that Act;"; and
     (b) by omitting the definitions of "Insurance Commissioner", "Life Insurance Commissioner" and "relevant Commissioner".

Insurance intermediaries other than brokers to operate under written agreements
12. Section 10 of the Principal Act is amended:
     (a) by omitting from subsection (4) "relevant"; and
     (b) by omitting from subsection (5) "A relevant Commissioner" and substituting "The Commissioner".

Brokers not to carry on business unless registered
13. Section 19 of the Principal Act is amended by omitting from paragraph (1) (b) and subsection (3) "relevant".

Applications for registration
14. Section 20 of the Principal Act is