s 5

Application of Act

In force

(1)

This Act does not apply to State insurance whether or not extending beyond the limits of the State concerned.

(2)

This Act does not apply to or with respect to insurance business carried on by:

(a)

the Commonwealth (including the Territories); or

(b)

a body corporate prescribed by the regulations; or

(c)

a body corporate, being insurance business of a kind prescribed by the regulations.

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