Document ID: chunk:federal_register_of_legislation:C2025C00135:section:17
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 17
Character Range: 92450–93295

17  When registration is required
 (1) A person other than a company registered under section 21 must not intentionally:
 (a) issue a life policy; or
 (b) undertake liability under a life policy.
 (2) Subsection (1) does not prohibit a person from:
 (a) acting as agent of a company registered under section 21; or
 (b) entering into, or undertaking liability under, a contract referred to in subsection (3) if the particular contract is not a contract of insurance.
 (3) Paragraph (2)(b) applies to the following contracts:
 (a) an investment account contract;
 (b) an investment‑linked contract.
 (4) If a declaration is in force under section 12A or 12B in relation to business carried on or proposed to be carried on by a company, the company must not intentionally carry on that business unless the company is registered under section 21.