Insurers to provide information
47 Insurers to provide information
The Treasurer may, by notice in writing served on an insurer, require the insurer to provide specified information about any relevant insurance in relation to which the insurer receives, or is entitled to receive, premiums.
The notice must specify a reasonable time within which the information must be provided.
The information must be provided to the Secretary.
Information may be obtained and used under this section only for the purposes of evaluating and implementing reforms to the way in which emergency services are funded.
An insurer who fails to comply with a notice under this section is guilty of an offence.
Maximum penalty—20 penalty units.
Division 3 of Part 9 of the Taxation Administration Act 1996 does not apply to information obtained under this section.
(Repealed)
This section does not limit the functions of the Chief Commissioner under the Taxation Administration Act 1996.
The Treasurer must not give a notice requiring information to be provided after 31 December 2026.
This section authorises the Secretary or a person employed in the Treasury to—
collect personal information provided under this section, and
use the personal information for the purposes of this section.
This section does not authorise the Secretary or a person employed in the Treasury to disclose the personal information to a person who is not employed in the Treasury.
The personal information must be securely disposed of on or before 30 June 2028.
In this section—
personal information has the same meaning as in the Privacy and Personal Information Protection Act 1998.
Secretary means the Secretary of the Treasury.
This Act’s bill:Explanatory memorandumSecond reading speech
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