Document ID: chunk:federal_register_of_legislation:C2025C00157:section:62zzc:p2
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 62ZZC (pt 2/2)
Character Range: 289981–290777

amendment: see regulations made for the purposes of paragraph 54(2)(b) of that Act.

Effect of declaration or amendment
 (7) The declaration or amendment:
 (a) commences from the time it is made, despite subsection 12(1) of the Legislation Act 2003; and
 (b) has effect according to its terms.
 (7A) Subsection 12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply to the declaration or amendment.

Declaration not to specify general insurer by reference to class
 (8) Subsection 13(3) of the Legislation Act 2003 does not apply to a declaration under subsection (1) specifying a general insurer.
Note: This ensures that a declaration must specify a general insurer individually, and cannot specify it by reference to a class of general insurers.