Document ID: chunk:federal_register_of_legislation:C2025C00157:section:118:p2
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 118 (pt 2/2)
Character Range: 452916–454172

a foreign general insurer has given written notice under subsection (4) of the appointment of an agent of the foreign general insurer and the notice specifies:
 (i) the name of the agent; and
 (ii) the place of residence, head office, registered office or principal office of the agent; and
 (b) a body corporate that is a subsidiary of the foreign general insurer is not incorporated in Australia; and
 (c) no written notice has been given to APRA of the appointment of an agent of the subsidiary;
the agent specified in the notice referred to in paragraph (a) is taken, from the time when that notice was or is given:
 (d) to have been, or to be, the agent of the subsidiary for the purposes of this Act; and
 (e) to have had, or to have, the place of residence, head office, registered office or principal office specified in that notice.
 (5) Everything done by an agent appointed under this section in that agent's representative capacity shall, for the purposes of this Act, be deemed to have been done by the body corporate, but this subsection does not affect any liability of the agent under this Act.
 (6) An agent appointed under this section must be:
 (a) an individual resident in Australia; or
 (b) a body corporate incorporated in Australia.