Document ID: chunk:federal_register_of_legislation:C2025C00157:section:3a
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 3A
Character Range: 43435–44684

3A  Certain insurance contracts not taken to be insurance business
 (1) For the purposes of this Act, insurance business does not include undertaking liability under a contract of insurance, or a kind of contract of insurance:
 (a) specified in the regulations for the purposes of this subsection; or
 (b) in circumstances specified in the regulations for the purposes of this subsection.
 (2) Without limiting subsection (1), the regulations may specify a contract of insurance, a kind of contract of insurance, or circumstances, by reference to:
 (a) particular general insurance products (within the meaning of the Corporations Act 2001), or particular kinds of such products; or
 (b) particular persons, or particular kinds of persons, who are insured under a contract of insurance, or a kind of contract of insurance.
 (3) Without limiting subsection (1):
 (a) the regulations may specify a contract of insurance, a kind of contract of insurance, or circumstances, by reference to:
 (i) a decision of APRA or a person; or
 (ii) a certificate or other document issued by APRA or a person; and
 (b) if the regulations do so—the regulations may impose obligations on APRA or the person in relation to the decision, certificate or other document.