Document ID: chunk:federal_register_of_legislation:C2005C00502:clause:1_57
Version: federal_register_of_legislation:C2005C00502
Segment Type: clause
Provision Reference: sch 1 cl 57
Character Range: 83758–85017

57  Subsections 115(1) and (2)
Repeal the subsections, substitute:

 (1) For the purposes of this Act, APRA or a person authorised (in writing) by APRA for the purposes of this section may:
 (a) require an officer of a general insurer, authorised NOHC or the subsidiary of an authorised insurer or authorised NOHC to produce to APRA or the person information, books, accounts or documents in respect of the general insurer, authorised NOHC or subsidiary of a general insurer or authorised NOHC; and
 (b) inspect, take extracts from and make copies of any such books, accounts or documents.

 (2) For the purpose of considering an application made (whether before or after the commencement of this subsection) by a body corporate for an authorisation to carry on insurance business or NOHC authorisation, APRA or a person authorised (in writing) by APRA for the purposes of this section may:
 (a) require an officer of the body corporate to produce to APRA any information, books, accounts or documents in respect of the body corporate; and
 (b) inspect, take extracts from and make copies of any such books, accounts or documents.

Note: The heading to section 115 is altered by omitting "books" and substituting "information, books, accounts or documents".