s 16A
In forceContinuation of effect of general insurer’s authorisation
Part IIIAuthorisation to carry on insurance business
Division 3Revocation of an authorisation
16A Continuation of effect of general insurer’s authorisation
If APRA gives a notice of revocation of a general insurer’s authorisation under subsection 15(5) or 16(2), the notice may state that the authorisation continues in effect in relation to a specified matter or specified period, as though the revocation had not happened, for the purposes of:
(a)
a specified provision of this Act or the regulations; or
(b)
a specified provision of another law of the Commonwealth that is administered by APRA; or
(c)
a specified provision of the prudential standards;
and the statement has effect accordingly.
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