Document ID: chunk:federal_register_of_legislation:C2025C00135:section:230a:p2
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 230A (pt 2/2)
Character Range: 406124–408391

to in paragraph (1)(c), or an instrument varying or revoking such a standard, has effect:
 (a) from the day on which the standard, variation or revocation is made; or
 (b) if the standard, variation or revocation specifies a later day—from that later day.
 (7) If APRA determines or varies a standard referred to in paragraph (1)(c) it must, as soon as practicable, give a copy of the standard or variation to:
 (a) if the standard applies to one or more life companies that are not subsidiaries of a registered NOHC—each of those life companies; and
 (b) if the standard applies to one or more registered NOHCs—each of those registered NOHCs; and
 (c) if the standard applies to one or more subsidiaries of a life company or registered NOHC—each of those subsidiaries or, if they are specified as subsidiaries of the life company or registered NOHC, the life company or registered NOHC (as appropriate).
 (9) If APRA revokes a standard referred to in paragraph (1)(c) it must, as soon as practicable, give notice of the revocation to:
 (a) if the standard applied to one or more life companies that are not subsidiaries of a registered NOHC—each of those life companies; and
 (b) if the standard applied to one or more registered NOHCs—each of those registered NOHCs; and
 (c) if the standard applied to one or more subsidiaries of a life company or registered NOHC—each of those subsidiaries or, if they are specified as subsidiaries of the life company or registered NOHC, the life company or registered NOHC (as appropriate).
 (12) A failure to comply with subsection (7) or (9) does not affect the validity of the action concerned.
 (12A) The following instruments made under this section are not legislative instruments:
 (a) a standard referred to in paragraph (1)(c);
 (b) an instrument varying or revoking a standard referred to in paragraph (1)(c).
 (12B) Otherwise, an instrument made under this section is a legislative instrument.
 (12C) A standard may provide for a matter by applying, adopting or incorporating, with or without modification, any matter contained in an instrument or other writing as in force or existing from time to time, despite:
 (a) section 46AA of the Acts Interpretation Act 1901; and
 (b) section 14 of the Legislation Act 2003.