Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Act 2010 (82 of 2010)

Schedule 2 Amendment of the Insurance Act 1973

Repeal the paragraph, substitute:

(a) the person may recover an amount (the recoverable amount ) in accordance with a determination made by APRA under subsection 62ZZJ(4); and

(aa) the person makes a claim in relation to the recoverable amount, in the approved form (if any), within the period:

(i) starting on the day prescribed by the regulations for the purposes of this subparagraph; and

(ii) ending on a day prescribed by the regulations for the purposes of this subparagraph or, if APRA specifies a later day, that later day; and