Australian Capital Territory Numbered Acts

DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 191

(1)     The Commissioner may, by written notice, cancel an insurer's registration under this Part—

        (a)     if the insurer's registration under the Insurance Act 1973 of the Commonwealth is terminated;

        (b)     if the insurer is made bankrupt or, being a company, is wound up;

        (c)     if the insurer is convicted of an offence under an Act imposing duty;

        (d)     if the insurer's registration was made in error or as a consequence of a false or misleading statement made in relation to the application for registration; or

        (e)     for any other reason the Commissioner thinks sufficient.

(2)     A cancellation of registration has effect from the date specified for the purpose by the Commissioner in the notice of cancellation.