Document ID: chunk:federal_register_of_legislation:C2005C00502:clause:1_30
Version: federal_register_of_legislation:C2005C00502
Segment Type: clause
Provision Reference: sch 1 cl 30
Character Range: 76524–77315

30  Subsection 51(1)
Omit all the words from and including "Where" to and including "may:", substitute:

  Where:
 (aa) it appears to APRA that a body corporate that is a general insurer or authorised NOHC:
 (i) is, or is likely to become, unable to meet its liabilities; or
 (ii) has contravened or failed to comply with a provision of this Act or a condition or direction applicable under this Act; or
 (ab) it appears to APRA that there is, or there may be, a risk to the security of the general insurer's or authorised NOHC's assets; or
 (ac) it appears to APRA that there is, or there may be, a sudden deterioration in the general insurer's or authorised NOHC's financial condition; or
 (ad) the Treasurer agrees, in writing, to the giving of a notice under this subsection;
APRA may: