Document ID: chunk:federal_register_of_legislation:C2012C00862:clause:2_40
Version: federal_register_of_legislation:C2012C00862
Segment Type: clause
Provision Reference: sch 2 cl 40
Character Range: 57750–58299

40  Paragraphs 49Q(1)(a) and (b)
Repeal the paragraphs, substitute:
 (a) in writing:
 (i) in the English language; or
 (ii) in a form in which the records are readily accessible and readily convertible into writing in the English language; and
 (b) either:
 (i) in Australia; or
 (ii) if APRA gives written approval and the insurer meets the conditions (if any) specified in the approval—in another country specified in the approval.
Note: The following heading to subsection 49Q(1) is inserted "Accounting records must be kept in Australia etc.".