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General Insurance Reform Bill 2001

 

 

 

 

General Insurance Reform Act 2001

 

No. 119, 2001



 

 

 

 

General Insurance Reform Act 2001

 

No. 119, 2001

 

 

 

 

An Act to amend the Insurance Act 1973 , and for related purposes

   

   



Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 1

3............ Schedule(s).......................................................................................... 2

Schedule 1—Amendment of the Insurance Act 1973                                          3

Schedule 2—Transitional provisions                                                                           64

Schedule 3—Consequential amendment of other Acts                                     70

Australian Prudential Regulation Authority Act 1998                                       70

Australian Securities and Investments Commission Act 2001                           70

Corporations Act 2001                                                                                              71

Financial Sector (Collection of Data) Act 2001                                                  71

Financial Transactions Reports Act 1988                                                             71

Insurance Acquisitions and Takeovers Act 1991                                                 71

Seafarers Rehabilitation and Compensation Act 1992                                      72

 



General Insurance Reform Act 2001

No. 119, 2001

 

 

 

An Act to amend the Insurance Act 1973, and for related purposes

[ Assented to 19 September 2001 ]

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the General Insurance Reform Act 2001 .

2   Commencement

             (1)  Subject to this section, this Act commences on the day on which it receives the Royal Assent.

             (2)  Schedules 1 and 3 to this Act commence, or are taken to have commenced, on 1 July 2002.

3   Schedule(s)

                   Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.