Conditions of licences
(cf s 161 MACA) (1) A licence granted under this Division is subject to— (a) such conditions as may be prescribed by this Act or the regulations, and (b) such conditions (not inconsistent with this Act or the regulations) as may be imposed by the Authority— (i) on the granting of the licence, or (ii) at any time during the currency of the licence. (2) The Authority may, by notice served on a licensed insurer, impose conditions (or further conditions) to which the licence is to be subject or revoke or vary any condition imposed on the licence by the Authority. (3) A condition to which a licence is subject has effect whether or not it is endorsed on the licence. (4) A licensed insurer who contravenes, whether by act or omission, any condition to which the licence is subject is guilty of an offence. (5) An insurer (not being a licensed insurer) who contravenes, whether by act or omission, any obligation imposed by this Act on the insurer in connection with a motor accident, being an obligation that is declared by this Act to be a condition of a licence under this Division, is guilty of an offence. (6) A licensed insurer cannot be convicted of an offence under subsection (4) and required to pay civil penalty under section 9.10 in respect of the same act or omission.
Sourced from the New South Wales Legislation website at 9 June 2026. For the latest information on New South Wales Government legislation please go to https://www.legislation.nsw.gov.au. Verify the current text against the official source before relying on it.
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