Back Custom print Link Text Only Rich Text Print

  • General Exclusions

    • AU-1.4.4

      With the exception of insurance firms licensed to carry on insurance business as a captive insurer, a person does not carry on an activity constituting a regulated insurance service if the person is a body corporate and carries on that activity solely with or for other bodies corporate, and they are all members of the same group.

      Amended: July 2007
      Amended: October 2007

    • AU-1.4.5

      A person does not carry on an activity constituting a regulated insurance service if the activity:

      (a) Is carried on in the course of a business which does not ordinarily constitute of the carrying on of financial services;
      (b) May reasonably be regarded as a necessary part of any other services provided in the course of that business; and
      (c) Is not remunerated separately from the other services.
      Amended: July 2007
      Amended: October 2007

    • AU-1.4.6

      A person does not carry on an activity constituting a regulated insurance service if he carries on an activity with or for another person, and they are both members of the same family.

      Amended: October 2007