Document ID: chunk:federal_register_of_legislation:F2024C00663:clause:1_19
Version: federal_register_of_legislation:F2024C00663
Segment Type: clause
Provision Reference: sch 1 cl 19
Character Range: 61565–62797

19                                                  Whether, for the purpose of securing its liabilities under the Act, the applicant:
                                                    (a) will either:
                                                    (i) arrange for a guarantee acceptable to the Commission to be provided; or
                                                    (ii) arrange for a guarantee acceptable to the Commission to be provided and secure appropriate reinsurance or some other form of excess of loss insurance; or
                                                    (b) will lodge securities guaranteed by the Commonwealth or a State or Territory and secure appropriate reinsurance or some other form of excess of loss insurance; or
                                                    (c) will arrange for a guarantee acceptable to the Commission to be provided and lodge securities guaranteed by the Commonwealth or a State or Territory and secure appropriate reinsurance or some other form of excess of loss insurance; or
                                                    (d) will establish a captive insurance company (as a wholly owned subsidiary), incorporated or to be incorporated in Australia