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Legislative Assembly for the ACT: 2002 Week 6 Hansard (16 May) . . Page.. 1780..


Schedule 2

Building Amendment Bill

Amendments circulated by Ms Tucker

1

Clause 12

Proposed new section 58O (1A) and (1B)

Page 8, line 19-

insert

(1A) In determining standards under subsection (1), the Minister must, as far as practicable, ensure that the obligations imposed on approved schemes under the prudential standards made under this Act are comparable with the obligations imposed on authorised insurers under the prudential standards made under the Insurance Act 1973 (Cwlth), section 32.

(1B) The prudential standards made under the Insurance Act 1973 (Cwlth), section 32 apply for subsection (1A) even if they are not in force.

2

Clause 12

Proposed new section 58O (6)

Page 9, line 32-

insert

(6) Subsection (1B) and this subsection expire on 2 July 2002.


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