New South Wales Consolidated Acts New South Wales Consolidated Acts(cf s 174 MACA)
It is a condition of a licence granted under this Act that the
licensed insurer must notify the Authority of--
(a) particulars of arrangements made or proposed to be made for re-insurance in respect of liabilities under third-party policies issued by the licensed insurer, and
(b) the terms of any approval of the Australian Prudential Regulation Authority under the Insurance Act 1973 of the Commonwealth in respect of any such re-insurance.