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COMMONWEALTHAct
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s 62ZZA

Allowing extra time for claims

In force
Part VCFinancial claims scheme for policyholders with insolvent general insurers
Division 1Preliminary

62ZZA Allowing extra time for claims

(1)

Before, on or after the day prescribed by the regulations for the purposes of subparagraph 62ZZF(1)(b)(ii) or 62ZZG(1)(aa)(ii), APRA may specify in writing a later day as the day on which the period for making one or more claims that may give rise to an entitlement under this Part ends.

(2)

An instrument made under subsection (1) that specifies a day in relation to a single claim identified in the instrument is not a legislative instrument.

(3)

Otherwise, an instrument made under subsection (1) is a legislative instrument.

(4)

As soon as practicable after making an instrument described in subsection (2), APRA must take the steps it considers reasonable to inform a person whom it believes could make the claim concerned of the day specified in the instrument.

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