Document ID: chunk:federal_register_of_legislation:C2004A00972:clause:4_17
Version: federal_register_of_legislation:C2004A00972
Segment Type: clause
Provision Reference: sch 4 cl 17
Character Range: 17319–18106

17  After subsection 118(4)
Insert:

 (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 the name and place of residence 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, to have been, or to be, the agent of the subsidiary for the purposes of this Act and to have been, or to have, the place of residence specified in that notice.

General Insurance Reform Act 2001