Document ID: chunk:federal_register_of_legislation:C2004A03764:body:0:p6
Version: federal_register_of_legislation:C2004A03764
Segment Type: other
Provision Reference: 
Character Range: 13485–16339

The Commissioner may, by notice in writing served on the registered insurance broker or registered foreign insurance agent concerned, declare that a contract specified in the notice is no longer acceptable for the purposes of subparagraph (1) (a) (ii) or (b) (ii).
"(3) A notice served under subsection (2) has effect on a day specified in the notice, being a day not less than 21 days after service of the notice.

Applications for registration
"31c. (1) A person who wants to be registered under this Part may apply to the Commissioner accordingly.
"(2) The application shall be in accordance with the prescribed form.
"(3) Regulations made for the purposes of subsection (2) may include the requirement to provide:
     (a) information for statistical purposes; and
     (b) information that is, or may be, required to be furnished to the Commissioner under any other provision of this Act or the regulations.
"(4) A person shall not, with intent to deceive:
     (a) make a false or misleading statement in, or omit material matter from, a prescribed form furnished to the Commissioner; or
     (b) furnish to the Commissioner, in connection with an application under this section, information that is false or misleading in a material particular.
Penalty for contravention of this subsection:
     (c) in the case of a natural person—$5,000 or imprisonment for 2 years, or both; or
     (d) in the case of a corporation—$25,000.

Registration of foreign insurance agents
"31d. (1) Subject to this section, where an application is made to the Commissioner under section 31c, the Commissioner shall register the applicant, and give the applicant a certificate of registration, if:
     (a) the Commissioner is satisfied that the contract requirements of subparagraph 31b (1) (b) (ii) (if applicable) are satisfied in respect of the applicant;
     (b) the applicant has paid such fee as is prescribed; and
     (c) the applicant has furnished to the Commissioner a copy of each foreign agency agreement that authorises the applicant to arrange contracts as agent for an insurer.
"(2) The Commissioner may refuse to register the applicant if, to the knowledge of the Commissioner, the applicant, or a director, employee or agent of the applicant, has been convicted of an offence as referred to in subsection 31h (1).
"(3) Registration of a person under this section has effect for a period of one year.
"(4) If:
     (a) a registered foreign insurance agent applies to the Commissioner for cancellation of registration under this section; and
     (b) the Commissioner is satisfied that the person is no longer carrying on business as a foreign insurance agent;
the Commissioner may cancel the registration.

"(5) Where the Commissioner:
     (a) registers an applicant under this section; or
     (b) cancels the registration of a registered foreign