Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(1) If a licensed insurer provides accounts, returns or other information under the Corporations Act or the Insurance Act 1973 (Cwlth), the licensed insurer must also give a copy of the accounts, returns or other information to the CTP regulator.
(2) If a licensed insurer receives a request for information or explanation from the APRA, the insurer must, not later than 1 month after responding to the request, give a copy of the request and the licensed insurer's response to the request to the CTP regulator.
(3) If the CTP regulator asks a licensed insurer for an actuarial report on the insurer's financial position, the insurer must give the report to the CTP regulator not later than 3 months after receiving the request.
(4) If a transaction happens that may affect control of a licensed insurer, the insurer must give complete details of the transaction to the CTP regulator not later than 1 month after the transaction happens.
(5) If a change of the
manager responsible for managing a licensed insurer's CTP business happens,
the insurer must give
complete details of the change to the CTP regulator not later than
1 month after the change happens.
Part 20 Transitional
100 Definitions—pt 20
In this part:
"commencement day" means the day the Act, section 5 commences.
former CTP provisions means the Road Transport (General) Act 1999 , part 10 (Compulsory vehicle insurance) as in force immediately before the commencement day.
"former nominal defendant "means the nominal defendant under the former CTP provisions.
"third-party policy "means an insurance policy issued under the former CTP provisions.
"trader's plate"—see the Road Transport (Vehicle Registration) Act 1999 , dictionary.
"unregistered vehicle permit"—see the Road Transport (Vehicle Registration) Act 1999 , dictionary.
101 Transitional—trader's plates—Act, s 286 (1)
The former CTP provisions continue to apply in relation to trader's plates as if the Act had not been enacted.
102 Transitional—unregistered vehicle permits—Act, s 286 (1)
The former CTP provisions continue to apply in relation to unregistered vehicle permits as if the Act had not been enacted.
103 Transitional—modification of Act, ch 9—Act, s 286
The Act, chapter 9 applies as if the following section were inserted:
‘ 286A Modification— Road Transport (Public Passenger Services) Act 2001
(1) The Road Transport (Public Passenger Services) Act 2001 is modified as set out in the TPI Regulation, schedule 20.
(2) This section, and the TPI Regulation, schedule 20, expire on the day the TPI Regulation, part 20 (Transitional) expires.
(3) In this section:
"TPI Regulation" means the Road Transport (Third-Party Insurance) Regulation 2008 .'
104 Expiry—pt 20
This part expires 1 year after the day it commences.