Document ID: chunk:federal_register_of_legislation:C2005C00502:clause:1_12
Version: federal_register_of_legislation:C2005C00502
Segment Type: clause
Provision Reference: sch 1 cl 12
Character Range: 4550–5080

12  Subsection 3(1)
Insert:

prudential matters, concerning a general insurer, authorised NOHC or a subsidiary of a general insurer or authorised NOHC, means matters relating to:
 (a) the conduct by the insurer, NOHC or subsidiary of any of its affairs in such a way as:
 (i) to keep itself in a sound financial position; or
 (ii) not to cause or promote instability in the Australian financial system; or
 (b) the conduct by the insurer, NOHC or subsidiary of any of its affairs with integrity, prudence and professional skill.