Document ID: chunk:federal_register_of_legislation:C2004A02846:body:0:p15
Version: federal_register_of_legislation:C2004A02846
Segment Type: other
Provision Reference: 
Character Range: 35894–38750

Appeals Tribunal Act 1975, if he is dissatisfied with the decision so confirmed or varied, make application to the Administrative Appeals Tribunal for review of the decision.
"(3) Any failure to comply with the requirements of sub-section (1) or (2) in relation to a decision does not affect the validity of the decision.".

Repeal of section 104
31. Section 104 of the Principal Act is repealed.

Bodies corporate ceasing to carry on insurance business
32. Section 105 of the Principal Act is amended—
     (a) by omitting from sub-section (1) "carried on insurance business in Australia immediately before the date of commencement of section 21 and has" and substituting ", immediately before 1 August 1974, carried on insurance business in Australia and had";
     (b) by omitting sub-section (10) and substituting the following sub-section:
    "(10) Part VI applies to a decision of the Treasurer under sub-section (8), (12) or (12a).";
     (c) by inserting in sub-section (12) "at any time" after "appears";

     (d) by inserting after sub-section (12) the following sub-section:
    "(12a) Where a body corporate to which a direction has been given under this section applies to the Treasurer, by notice in writing, for the direction to be revoked or varied, the Treasurer shall—
        (a) if it appears to him that the direction is no longer necessary or should be varied—revoke or vary the direction; or
        (b) in any other case—refuse to revoke or vary the direction,
    and shall serve on the body corporate notice in writing of his decision."; and
     (e) by adding at the end thereof the following sub-section:
    "(16) In this section, unless the contrary intention appears, 'direction' includes, where a direction is varied, the direction as varied.".

Persons ceasing to carry on insurance business
33. Section 106 of the Principal Act is amended—
     (a) by omitting from sub-section (1) "has" and substituting "had"; and
     (b) by omitting sub-section (2) and substituting the following sub-section:
    "(2) A person who fails to comply with a notice served on him under sub-section (1) is, in respect of each day during which he so fails to comply with the notice (including the day of a conviction under this sub-section or any subsequent day), guilty of an offence punishable on conviction by a fine not exceeding $2,000.".

Transitional provisions relating to bodies corporate refused authorities under section 27
34. Section 109 of the Principal Act is amended—
     (a) by omitting from sub-section (1) "from time to time—
        (a) give directions to the body corporate with respect to the carrying on of insurance business by the body corporate; and
        (b) vary or revoke directions so given to the body corporate",
    and substituting "give directions to the body corporate with respect to the carrying on