Prudential Regulation and Data Collection

Legislation prescribing APRA’s powers in respect of the authorisation and prudential supervision of life insurance companies.

• Life Insurance Act 1995
• Life Insurance Regulations 1995
• Financial Sector (Collection of Data) Act 2001

Shareholdings, changes in control and transfers of business

Legislation regarding the approval of shareholdings, changes in control or directorship:

• Financial Sector (Shareholdings) Act 1998

Legislation regarding transfers of certain assets and/or liabilities:

• Part 9 of the Life Insurance Act 1995
• Insurance Acquisitions and Takeovers Act 1991
• Insurance Acquisitions and Takeovers (Notices) Regulations
• Insurance Acquisitions and Takeovers Act 1991- Decision-making principles
• Financial Sector (Business Transfer and Group Restructure) Act 1999
• Financial Sector (Transfers of Business) Regulations 1999
• Transfer Rules No. 1 of 2007
  

Levies

• Life Insurance Supervisory Levy Imposition Act 1998
• Financial Institutions Supervision Levies Collection Act 1998