|
|
Article: The Insurance Amendment Act 2004.
- Article from:
- Mondaq Business Briefing
- Article date:
- April 4, 2005
CopyrightCOPYRIGHT 2005 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Introduction
A bill entitled "The Insurance Amendment Act 2004" (the "Amendment Act") passed its second reading in the Senate on 8 December 2004 and received the assent of the Governor General on 10 December 2004. The operative date from which the Amendment Act comes into force is 10 December 2004. The Amendment Act further amends the provisions of the Insurance Act 1978 (the "Act") beyond those existing revisions implemented pursuant to amending legislation passed most recently in 1995, 1998, 2001 and 2002.
In addition to the introduction of guidance notes, the revisions to the Act principally relate to the continued improvement and refinement of ...