Document ID: chunk:federal_register_of_legislation:C2010C00544:clause:1_292
Version: federal_register_of_legislation:C2010C00544
Segment Type: clause
Provision Reference: sch 1 cl 292
Character Range: 129973–130799

292  Saving provision for section 7 determinations (Insurance Act)

(1) This item applies to a determination that was in force under section 7 of the Insurance Act 1973 immediately before that section was amended by this Act.

(2) To the extent that it relates to a provision of the Insurance Act 1973 referred to in section 7 as amended by this Act, the determination:
 (a) continues in force after the commencement of the amendments, as if it were a determination made under section 7 as amended; and
 (b) may be varied or revoked by APRA under section 7 as amended.

(3) A determination or part of a determination to which subitem (2) does not apply ceases to have effect on the day after the end of the period of 12 months beginning on the day on which this Act receives the Royal Assent, unless earlier revoked by APRA.