Document ID: chunk:federal_register_of_legislation:C2025C00157:front:0:p1
Version: federal_register_of_legislation:C2025C00157
Segment Type: other
Provision Reference: 
Character Range: 0–2993

Insurance Act 1973

No. 76, 1973

Compilation No. 73

Compilation date: 21 February 2025

                Includes amendments: Act No. 14, 2025

About this compilation

This compilation

This is a compilation of the Insurance Act 1973 that shows the text of the law as amended and in force on 21 February 2025 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part I—Preliminary
1 Short title
2 Commencement
2A Main objects of this Act
3 Interpretation
3A Certain insurance contracts not taken to be insurance business
4 Meaning of subsidiary
4A Meaning of relevant group of bodies corporate
4B Determining whether bodies corporate are related to one another
5 Application of Act
6 Act extends to external Territories
7 Determination that certain provisions do not apply
7A Breach of condition of a determination
Part II—Administration
8 General administration of Act
Part III—Authorisation to carry on insurance business
Division 1—Need to be authorised
9 Persons other than bodies corporate and Lloyd's underwriters carrying on insurance business
10 Bodies corporate and Lloyd's underwriters carrying on insurance business
11 Meaning of general insurer
11A Injunctions
Division 2—Authorisation to carry on insurance business
12 Obtaining an authorisation
13 Conditions on an authorisation
14 Breach of authorisation conditions
Division 3—Revocation of an authorisation
15 Revocation of authorisation etc.
16 When APRA must revoke a general insurer's authorisation
16A Continuation of effect of general insurer's authorisation
17