Prudential Regulation

Legislation prescribing APRA’s powers in respect of the authorisation and prudential supervision of general insurers.

• Insurance Act 1973 (current)
• Insurance Regulations 2002 (current)
• Insurance Act 1973 (as in force before 1 July 2002)
• Insurance Regulations 1974 (as in force before 1 July 2002)

Shareholdings, changes in control and transfers of business

Legislation regarding the approval of shareholdings in general insurers, changes in control or directorship of general insurers and transfers of certain assets and/or liabilities. Sections 17 and Part II, Division 3A of the Insurance Act 1973 may also be relevant.

• Financial Sector (Shareholdings) Act 1998
• Insurance (Acquisitions and Takeovers) Act 1991
  
  
• Financial Sector (Business Transfer and Group Restructure) Act 1999
• Transfer Rules No. 1 of 2007

Data Collection

• Financial Sector (Collection of Data) Act 2001
• Click here for further information on the prudential reporting framework for general insurers.
  
  Levies
  
  Click here for levy determinations