Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)

Schedule 1   Streamlining prudential regulation

Part 1   Amendments commencing on Royal Assent

Insurance Act 1973

53   Subsection 7(1)

Repeal the subsection, substitute:

(1) APRA may, in writing, determine that any or all of the following provisions of this Act do not apply to a person while the determination is in force:

(a) a provision of Part III (other than a provision of Division 3A of that Part);

(b) section 35;

(c) section 39;

(d) section 41;

(e) a provision of Division 3 or 4 of Part IV;

(f) section 49Q;

(g) section 117;

(h) section 118;

(i) section 120;

(j) section 121.