s 164A
In forceMeaning of regulatory action—div 8.1.5
Chapter 8Insurance
Part 8.1Insurance—general
Division 8.1.5Regulatory action
164A Meaning of regulatory action—div 8.1.5
In this division:
licence means an insurer licence or a self-insurer licence.
licensee means a licensed insurer or a licensed self-insurer.
regulatory action, against a licensee, means any of the following actions:
(a)
including, amending, or revoking, a regulator condition on the licence;
(b)
suspending the licence for either a fixed period or until a particular event happens;
(c)
disqualifying the licensee from applying for another licence for a fixed period or until a particular event happens;
(d)
cancelling the licence.
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