Insurance

No. 144 of 1965

An Act to amend the Insurance Act 1932-1963 in relation to Decimal Currency.

[Assented to 18 December, 1965]

[Date of commencement, 15 January, 1966]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Insurance Act 1965.

(2.) The Insurance Act 1932–1963, as amended by this Act, may be cited as the Insurance Act 1932–1965.

2. Section 13a of the Insurance Act 1932-1963 is repealed and the following section inserted in its stead:—

Deposits by certain persons who contravened Insurance Act 1932-1937.

“13a. A person (other than a company to which section twelve of this Act applies) who was carrying on insurance business in the Commonwealth immediately before the commencement of the Insurance Act 1960 in contravention of section nine of the Insurance Act 1932–1937 shall maintain on deposit with the Treasurer approved securities to the value of Ten thousand pounds.”.