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Corporate Risk and Insurance Update - January 2010
29 Jan 2010
Look out...here comes APRA! Proposed regulatory amendments to increase APRA's powers in respect of general and life insurers
By Sarath Seethamraju and Greg Moss of Gadens Lawyers, Sydney
Proposed changes to Australia’s insurance regulatory regime will enhance the powers of the Australian Prudential Regulatory Authority (APRA), including granting APRA the power to effectively force insurers to recapitalise and provide self-incriminating material.
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