394B
CurrentMeaning of ground for financial penalty—pt 7.6A
Chapter 7MAI insurer licences
Part 7.6AFinancial penalties
394B Meaning of ground for financial penalty—pt 7.6A
For this part, each of the following is a ground for financial penalty in relation to a licensed insurer:
(a)
the licensed insurer has contravened this Act;
(b)
the licensed insurer has contravened a condition of the MAI insurer licence;
(c)
the licensed insurer has contravened the insurance industry deed.
This Act’s bill:Explanatory statementSecond reading speech
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