Terrorism Insurance (Premiums) Direction 2019 (Cth)

Terrorism Insurance (Premiums) Direction 2019

I, Stuart Robert, Assistant Treasurer, give the following direction to the Australian Reinsurance Pool Corporation.

Dated 22 January 2019

Stuart Robert Assistant Treasurer

Contents Part 1—Preliminary 1 Name 2 Commencement 3 Authority 4 Schedules 5 Definitions 6 Tier A property 7 Tier B property Part 2—Direction to set premiums that are to be charged by the corporation in respect of contracts of insurance 8 Corporation must charge premium in accordance with specified rates 9 Premium income Schedule 1—Repeals Terrorism Insurance Act 2003 – Premiums Direction 2015 Terrorism Insurance Act 2003 – Premiums Direction 2017

Part 1—Preliminary

1 Name This instrument is the Terrorism Insurance (Premiums) Direction 2019.

2 Commencement (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. Sections 1 to 3 and anything in this instrument not elsewhere covered by this table The day after this instrument is registered. 2. Sections 4 to 10 and Schedule 1 1 July 2019. 1 July 2019

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument. (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.