Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)

Schedule 4   Insurance

Part 2   Forms of notices etc.

Insurance Acquisitions and Takeovers Act 1991

21   After section 17

Insert:

17A Approved manner and form of giving notices

(1) This section applies in relation to giving a notice if another provision of this Act refers to giving the notice in accordance with this section.

(2) The notice is given in accordance with this section if the notice:

(a) is given:

(i) if the Minister has approved a manner for giving the notice under subsection (3) - in the approved manner; or

(ii) otherwise - in writing; and

(b) if the Minister has approved a form for giving the notice under subsection (3):

(i) is given in the approved form; and

(ii) includes the information required by the form; and

(iii) is accompanied by the documents (if any) required by the form; and

(c) includes the information (if any) prescribed by regulations made for the purposes of this paragraph in relation to the notice; and

(d) is accompanied by the documents (if any) prescribed by regulations made for the purposes of this paragraph in relation to the notice.

(3) For the purposes of paragraph (2)(a) or (b), the Minister may, in writing, approve a manner or form for giving the notice.

(4) Without limiting subsection (3), a form approved under that subsection may be:

(a) the form of a statutory declaration; or

(b) a form that requires a matter to be verified by a statutory declaration.