Document ID: chunk:federal_register_of_legislation:C2005C00502:clause:2_3
Version: federal_register_of_legislation:C2005C00502
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 98441–99067

3  Early approvals of auditors and actuaries

(1) For the purpose of allowing a general insurer to appoint an auditor or actuary, and APRA to approve such an appointment, under the new Act before the commencement:
 (a) Division 1 of Part IV of the new Act; and
 (b) any other provisions of the new Act so far as they relate to such appointments;

 apply after this Act receives the Royal Assent as if those provisions had come into operation at that time.

(2) An appointment made or approval given before the commencement takes effect on the day specified (in writing) by APRA. That day must not be before the commencement.