Document ID: chunk:federal_register_of_legislation:C2023A00076:clause:2_114
Version: federal_register_of_legislation:C2023A00076
Segment Type: clause
Provision Reference: sch 2 cl 114
Character Range: 293894–294725

114  Application of amendments
(1) Subsection 28A(1) of the Insurance Act 1973 applies in relation to a person starting to carry on insurance business in Australia on a particular date if the date occurs:
 (a) on or after the commencement of this item; or
 (b) within 7 days before that commencement, if the person did not tell APRA of that date under subregulation 7(1) of the Insurance Regulations 2002 before that commencement.
(2) Subsection 28A(2) of the Insurance Act 1973 applies in relation to a person ceasing to carry on insurance business in Australia on a particular date if the date occurs:
 (a) on or after the commencement of this item; or
 (b) within 7 days before that commencement, if the person did not tell APRA of that date under subregulation 7(2) of the Insurance Regulations 2002 before that commencement.