Revocation of authorisation to carry on insurance business 2024 – OnePath General Insurance Pty Limited

 

Insurance Act 1973

To: OnePath General Insurance Pty Limited ABN 56 072 892 365 (‘the general insurer’) Since:

(a)          the general insurer was authorised under section 12 of the Insurance Act 1973 (‘the Act’) to carry on insurance business in Australia (‘the authorisation’);

 

(b)          the general insurer has asked APRA to revoke the authorisation; and

 

(c)           APRA is satisfied the general insurer has no liabilities in respect of insurance business carried on by it in Australia and revoking the authorisation would not be contrary to the national interest,

 

I, Sean Carmody, a delegate of APRA, under subsection 16(1) of the Act, revoke the general insurer’s authorisation.

 

This instrument commences on the date it is made. Dated: 8 February 2024

 

Sean Carmody Executive Director Insurance Division

 

 

Interpretation

 

 

In this instrument:

 

APRA means the Australian Prudential Regulation Authority.

insurance business has the meaning given in subsection 3(1) of the Act.

 

 

 

 

 

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