General Insurance Reform Act 2001 (Cth)

General Insurance Reform Act 2001

Act No. 119 of 2001 as amended

This compilation was prepared on 18 July 2005

[This Act was amended by Act No. 37 of 2002; No. 100 of 2005]

Amendment from Act No. 37 of 2002 [Schedule 4 (item 18) amended item 5 of Schedule 2 Schedule 4 (items 18) commenced immediately after 19 September 2001]

Amendment from Act No. 100 of 2005 [Schedule 2 (item 19) amended item 41B of Schedule 1 Schedule 2 (item 19) commenced immediately after 1 July 2002]

Prepared by the Office of Legislative Drafting and Publishing, Attorney-General's Department, Canberra

Contents 1 Short title 2 Commencement 3 Schedule(s)

Schedule 1—Amendment of the Insurance Act 1973

Schedule 2—Transitional provisions

Schedule 3—Consequential amendment of other Acts Australian Prudential Regulation Authority Act 1998 Australian Securities and Investments Commission Act 2001 Corporations Act 2001 Financial Sector (Collection of Data) Act 2001 Financial Transactions Reports Act 1988 Insurance Acquisitions and Takeovers Act 1991 Seafarers Rehabilitation and Compensation Act 1992 An Act to amend the Insurance Act 1973, and for related purposes

[Assented to 19 September 2001]

1 Short title

This Act may be cited as the General Insurance Reform Act 2001.

2 Commencement

(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(2) Schedules 1 and 3 to this Act commence, or are taken to have commenced, on 1 July 2002.

3 Schedule(s)

Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Amendment of the Insurance Act 1973

1 After section 2 Insert:

2A Main object of this Act