Terrorism Insurance Amendment Regulation 2013 (No. 1)

Link to law: https://www.comlaw.gov.au/Details/F2013L01441

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Terrorism Insurance Amendment Regulation 2013 (No. 1)
 
Select Legislative Instrument No. 193, 2013
I, Quentin Bryce AC CVO, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Terrorism Insurance Act 2003.
Dated 25 July 2013
Quentin Bryce
Governor‑General
By Her Excellency’s Command
David Bradbury
Assistant Treasurer
 
 
  
  
Contents
1............ Name of regulation.............................................................................. 1
2............ Commencement................................................................................... 1
3............ Authority............................................................................................. 1
4............ Schedule(s)......................................................................................... 1
Schedule 1—Amendments                                                                                                2
Terrorism Insurance Regulations 2003                                                                   2
 
1  Name of regulation
                   This regulation is the Terrorism Insurance Amendment Regulation 2013 (No. 1).
2  Commencement
                   This regulation commences on 26 July 2013.
3  Authority
                   This regulation is made under the Terrorism Insurance Act 2003.
4  Schedule(s)
                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Schedule 1—Amendments
  
Terrorism Insurance Regulations 2003
1  After regulation 5
Insert:
6  Functions of Corporation
                   For paragraph 10(b) of the Act, a function of the Corporation is to:
                     (a)  assist and support the National Insurance Affordability Initiative; and
                     (b)  assist and support the National Insurance Affordability Council in performing its functions as outlined in the Council’s Terms of Reference.
Note:          When this regulation commenced, the National Insurance Affordability Initiative was administered by the Treasury portfolio.