Document ID: chunk:federal_register_of_legislation:C2008C00236:clause:2_49a
Version: federal_register_of_legislation:C2008C00236
Segment Type: clause
Provision Reference: sch 2 cl 49A
Character Range: 29200–30118

49A  Subsection 118(4A)
Repeal the subsection, substitute:

 (4A) If:
 (a) a foreign general insurer has given written notice under subsection (4) of the appointment of an agent of the foreign general insurer and the notice specifies:
 (i) the name of the agent; and
 (ii) the place of residence, head office, registered office or principal office of the agent; and
 (b) a body corporate that is a subsidiary of the foreign general insurer is not incorporated in Australia; and
 (c) no written notice has been given to APRA of the appointment of an agent of the subsidiary;
the agent specified in the notice referred to in paragraph (a) is taken, from the time when that notice was or is given:
 (d) to have been, or to be, the agent of the subsidiary for the purposes of this Act; and
 (e) to have had, or to have, the place of residence, head office, registered office or principal office specified in that notice.