Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.1
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PRELIMINARY
Division 2
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Definitions
SECTION 761DA
MEANING OF
INSURANCE CLAIMS MANAGER
761DA(1)
A person is an insurance claims manager if: (a) the person carries on a business of providing claims handling and settling services on behalf of one or more insurers; and (b) where the person, as part of that business, also provides goods or other services - providing claims handling and settling services on behalf of one or more insurers is the primary part of the business. 761DA(2)
The regulations may prescribe: (a) circumstances in which, for the purposes of subsection (1) , providing claims handling and settling services on behalf of one or more insurers is taken to be the primary part of a business carried on by a person; and (b) circumstances in which, for the purposes of subsection (1) , providing claims handling and settling services on behalf of one or more insurers is taken not to be the primary part of a business carried on by a person.
[ CCH Note: Ch 7 will be amended by No 8 of 2022, s 3, Sch 2[165], by inserting the note, (effective 1 July 2022). The note will read:
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .]
View history note
Hide history noteA person is an insurance claims manager if: (a) the person carries on a business of providing claims handling and settling services on behalf of one or more insurers; and (b) where the person, as part of that business, also provides goods or other services - providing claims handling and settling services on behalf of one or more insurers is the primary part of the business. 761DA(2)
The regulations may prescribe: (a) circumstances in which, for the purposes of subsection (1) , providing claims handling and settling services on behalf of one or more insurers is taken to be the primary part of a business carried on by a person; and (b) circumstances in which, for the purposes of subsection (1) , providing claims handling and settling services on behalf of one or more insurers is taken not to be the primary part of a business carried on by a person.
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