Document ID: chunk:federal_register_of_legislation:C2025C00135:section:21
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 21
Character Range: 95329–96503

21  Decision on application for registration
 (1) APRA must, in writing, register a company that applies for registration under section 20, unless APRA is satisfied that a ground for refusal specified in subsection (3) exists.
 (3) The following are the grounds on which APRA may refuse to register a company:
 (d) that the company is not able, or is unlikely to be able, to meet its obligations, including obligations in respect of business other than life insurance business;
 (e) that the company is not able, or is unlikely to be able, to comply with the provisions of this Act, the Financial Sector (Collection of Data) Act 2001 or the Financial Accountability Regime Act 2023;
 (f) that the name of the company so closely resembles the name of a company already registered under this section as to be likely to deceive;
 (g) in the case of a company that carries on, or proposes to carry on, some other form of business in addition to life insurance business, that the carrying on of that other form of business in addition to insurance business would be contrary to the public interest;
 (h) that the company is a subsidiary of a NOHC that is not a registered NOHC.