409
CurrentAudit of licensed insurer’s profitability
Chapter 7MAI insurer licences
Part 7.9MAI insurer licences—supervision
409 Audit of licensed insurer’s profitability
(1)
The MAI commission may carry out an audit to work out the profitability of a licensed insurer and, in carrying out the audit, may exercise a function of an appointed auditor.
(2)
The MAI commission must report on the audit, on a confidential basis, to APRA.
This Act’s bill:Explanatory statementSecond reading speech
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