Document ID: chunk:federal_register_of_legislation:C2025C00157:section:3:p8
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 3 (pt 8/8)
Character Range: 42026–43433

or distributing a statement relating to the person's willingness to enter into a contract of insurance as an insurer;
 (c) procuring the publication or distribution of such a statement.
 (5A) Subsection (5) does not apply if the contracts of insurance referred to in that subsection are contracts of reinsurance.
 (6) Without limiting the circumstances in which a person is taken, for the purposes of this Act, to carry on insurance business in Australia, a person is taken to carry on insurance business in Australia if:
 (a) the person carries on a business outside Australia that, under this Act, would constitute insurance business if it were carried on in Australia; and
 (b) another person in Australia acts:
 (i) directly or indirectly on behalf of the first‑mentioned person; or
 (ii) as a broker of insurance provided by the first‑mentioned person, or directly or indirectly on behalf of such a broker;
  in relation to the business carried on outside Australia.
 (6A) Subsection (6) does not apply if the business referred to in paragraph (a) of that subsection is solely a business of reinsurance.
 (7) In considering for the purposes of this Act whether a person carries on insurance business in Australia, an act of a kind referred to in paragraph (5)(a), (b) or (c) done outside Australia is taken to occur in Australia to the extent that it has, or is likely to have, its effect in Australia.