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Version date: 1 August 2004 - onwards
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Schedule 1, Part 2 Amendment of Insurance Act 1989

Section 10(2).

Item

Provision affected

Amendment

1.

Section 18

Substitute the following subsections for subsections (5) to (9):

 

 

"(5) A direction under this section is an appealable decision for the purposes of Part VIIA of the Central Bank Act 1942.

 

 

(6) The Bank may from time to time vary or revoke a direction given under this section.".

2.

Section 31

Repeal subsections (2), (4), (5) and (7).

3.

Section 58

Substitute the following subsection for subsections (6) and (7):

 

 

"(6) A decision of the Bank revoking or suspending an authorisation is an appealable decision for the purposes of Part VIIA of the Central Bank Act 1942.".

 

Comparing proposed amendment...