Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008 (105 of 2008)

Schedule 3   Other measures: general insurance

Part 1   Main amendments

Insurance Act 1973

16   After subsection 116(3)

Insert:

(3A) For the purposes of subsection (3), a pre-authorisation liability of a general insurer is taken not to be a liability in Australia of the general insurer.