Document ID: chunk:federal_register_of_legislation:C2025C00173:section:93
Version: federal_register_of_legislation:C2025C00173
Segment Type: section
Provision Reference: s 93
Character Range: 120225–121288

93  Additional matters in relation to standards that are not legislative instruments
 (1) A prudential standard referred to in paragraph 92(3)(c), or an instrument varying or revoking such a standard, has effect:
 (a) from the day on which the standard or instrument is made; or
 (b) if the standard or instrument specifies a later day—from that later day.
 (2) If APRA makes, varies or revokes a prudential standard referred to in paragraph 92(3)(c), it must, as soon as practicable:
 (a) in the case of making a standard—give a copy of the standard to each private health insurer to which the standard applies; or
 (b) in the case of varying a standard—give a copy of the variation to:
 (i) each private health insurer to which the standard (as in force before the variation) applied; and
 (ii) any other private health insurer to which the standard will (because of the variation) apply; or
 (c) in the case of revoking a standard—give notice of the revocation to each private health insurer to which the standard (as in force before the revocation) applied.