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BUILDING A BETTER VICTORIA (STATE TAX AND OTHER LEGISLATION AMENDMENT) ACT 2014 (NO. 40 OF 2014) - SECT 6

Registration of insurers

In the Duties Act 2000

        (a)     insert the following heading to section 185—

" Insurers must be registered ";

        (b)     in section 185, for "A general insurer" substitute "An insurer";

        (c)     in section 186, for "a general insurer" substitute "an insurer";

        (d)     in section 187(1)—

              (i)     for "a general insurer's" substitute "an insurer's";

              (ii)     in paragraph (a), after "revoked" insert "or the insurer's registration under the Life Insurance Act 1995 of the Commonwealth is cancelled (as the case requires)";

        (e)     insert the following heading to section 188—

" Cessation of business and cancellation of registration by the insurer ";

        (f)     insert the following heading to section 189—

" Register of insurers ";

        (g)     in section 189(1) omit "general";

        (h)     in section 194(2), for "A general insurer" substitute "An insurer";

              (i)     in section 195(1) omit ", life insurance";

        (j)     in section 196(g)(ii), for "society." substitute "society;";

        (k)     after section 196(g) insert

    "(h)     life insurance.".



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