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

Schedule 3   Amendment of the Life Insurance Act 1995

Part 1   Amendments

5   At the end of Division 2 of Part 3

Add:

28E Continuation of body corporate's NOHC registration

If APRA revokes a body corporate's NOHC registration by a notice under subsection 28C(4) or 28D(2), the notice may state that the registration continues in effect in relation to a specified matter or specified period, as though the revocation had not happened, for the purposes of:

(a) a specified provision of this Act or the regulations that is administered by APRA; or

(b) a specified provision of another law of the Commonwealth that is administered by APRA;

and the statement has effect accordingly.