Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:2_118
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 2 cl 118
Character Range: 230061–231700

118  After subsection 104(4)
Insert:
 (4A) Without limiting the generality of paragraph (3)(w), a direction under that paragraph to a foreign general insurer may be any one or more of the following:
 (a) a direction that the foreign general insurer act in a way so as to ensure that:
 (i) a particular asset, or a particular class of assets, of the foreign general insurer is returned to the control (however described) of the part of the foreign general insurer's insurance business that is carried on in Australia; or
 (ii) a particular liability, or a particular class of liabilities, of the foreign general insurer ceases to be the responsibility (however described) of the part of the foreign general insurer's insurance business that is carried on in Australia;
 (b) a direction that the foreign general insurer not act in a way that has the result that:
 (i) a particular asset, or a particular class of assets, of the foreign general insurer ceases to be under the control (however described) of the part of the foreign general insurer's insurance business that is carried on in Australia; or
 (ii) a particular liability, or a particular class of liabilities, of the foreign general insurer becomes the responsibility (however described) of the part of the foreign general insurer's insurance business that is carried on in Australia.
 (4B) The kinds of direction that may be given as mentioned in subsection (3) are not limited by any other provision in this Part.
 (4C) The kinds of direction that may be given as mentioned in a particular paragraph of subsection (3) are not limited by any other paragraph of that subsection.