Barrister AI
All legislation
COMMONWEALTHAct
In force
This is the latest official compilation.Check the official source →
s 49L

Lodgment of auditor’s certificate and actuary’s reports

In force
Part IVAuditors, actuaries and accounts
Division 4Role of auditor and actuary of a general insurer

49L Lodgment of auditor’s certificate and actuary’s reports

(1)

A general insurer must, in accordance with the prudential standards, lodge with APRA:

(a)

a section 49J certificate relating to the yearly statutory accounts for each financial year of the insurer; and

(aa)

the reports referred to in section 49J; and

(b)

the reports referred to in section 49K.

Penalty: 300 penalty units.

(1A)

If an individual:

(a)

commits an offence against subsection (1) because of Part 2.4 of the Criminal Code; or

(b)

commits an offence under Part 2.4 of the Criminal Code in relation to an offence against subsection (1);

he or she is punishable, on conviction, by a fine not exceeding 60 penalty units.

(2)

An offence against this section is an offence of strict liability.

Note 1:

For strict liability, see section 6.1 of the Criminal Code.

Note 2:

Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Research tools for this sectionPro

The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.