Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Regulator may give a body corporate that is a life company or a registered NOHC a written notice inviting the body to give the Regulator:
(a) a written statement of reasons why the Regulator should not investigate:
(i) the life insurance business, or a specified part of the life insurance business, of the body, if it is a life company; or
(ii) the business of the body, if it is a registered NOHC; and
(b) any other written material the body wishes to put forward in support of its statement.
(2) A show cause notice must:
(a) specify the ground or grounds on which it is given; and
(b) specify the period within which the statement and written material referred to in subsection (1) must be given to the Regulator.
(3) The period specified under paragraph (2)(b) must be a period of at least 14 days commencing on the day on which the show cause notice is given.