Revocation of authorisation to carry on insurance business
Insurance Act 1973
TO: Australian Alliance Insurance Company Limited ABN 11 006 471 709 (the insurer)
SINCE
(i) the insurer has no liabilities in respect of insurance business carried on by it in Australia; and
(ii) revoking the Authorisation would not be contrary to the national interest,
I, Keith Chapman , a delegate of APRA, under subsection 16(1) of the Act, REVOKE the Authorisation.
This Revocation takes effect on 30 September 2013.
Dated: 30 September 2013
[Signed]
Keith Chapman
Executive General Manager Diversified Institutions Division
Interpretation Document ID: 210519
In this Notice
APRA means the Australian Prudential Regulation Authority.
insurance business has the meaning given in section 3 of the Act.
Note 1
Under subsection 16(2) of the Act, if APRA revokes a general insurer’s authorisation, APRA must
give written notice to the insurer and ensure that notice of the revocation is published in the Gazette. By virtue
of subsection 16(3) of the Act, a revocation is not invalid merely because of a failure to comply with subsection 16(2) of the Act.
Note 2
Under section 16A of the Act, the notice of revocation of the authorisation may state that the
authorisation continues in effect in relation to a specified matter or specified period, as though the revocation had not happened, for the purposes of a specified provision of the Act or the regulations, or a specified provision of another law of the Commonwealth that is administered by APRA, or a specified provision of the prudential standards, and the statement has effect accordingly.