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LIFE INSURANCE ACT 1995 - SECT 231C

Disclosure allowed by APRA

  (1)   A person covered by subsection   231A(2) in relation to a direction may disclose information that reveals the fact that the direction was made if:

  (a)   a determination under subsection   (2) allows the disclosure by the person; and

  (b)   if APRA has included conditions in the determination--those conditions are satisfied.

Determinations relating to specified person

  (2)   APRA may, in writing, make a determination allowing:

  (a)   a specified person covered by subsection   231A(2) in relation to a specified direction; or

  (b)   a specified person covered by subsection   231A(2) in relation to a direction that is in a specified class of directions;

to disclose specified information in relation to the direction.

  (3)   An instrument under subsection   (2) is not a legislative instrument.

  (4)   APRA must give a copy of the determination as soon as practicable after making it to:

  (a)   the directed entity; and

  (b)   the person specified, or each person specified, in the determination.

Determinations relating to specified class of persons

  (5)   APRA may, by legislative instrument, make a determination allowing a specified class of persons covered by subsection   231A(2) in relation to a direction that is in a specified class of directions to disclose:

  (a)   specified kinds of information in relation to the direction; or

  (b)   any kind of information in relation to the direction.

Conditions in determinations

  (6)   APRA may include conditions in a determination under subsection   (2) or (5) that relate to any of the following:

  (a)   the kind of entities to which the disclosure may be made;

  (b)   the way in which the disclosure is to be made;

  (c)   any other matter that APRA considers appropriate.



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