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Australia shapes up

Technical Article

Publication date:

01 March 2003

Last updated:

20 June 2018

Author(s):

Chartered Insurance Institute

The General Insurance Reform Act was passed in September 2001 after three years of development, and came into force last July. It sets the tone for a new prudential regulation regime in Australia, and will be seen as a key milestone in what has been a very active period of reform for the country's general insurance industry ...

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This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.