Page 119 - Week 01 - Tuesday, 12 February 2008

(4) If the consumer and trader tribunal orders a licensed insurer to pay a penalty, the penalty must be paid into the nominal defendant fund.

Clause 209 (2)

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Schedule 1, proposed new part 1.1A

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Part 1.1A Consumer and Trader Tribunal Act 2003

[1.10A] Section 15, note

substitute

Note The following Acts provide that applications may be made to the tribunal:

• Agents Act 2003

• Road Transport (Third-Party Insurance) Act 2008

• Security Industry Act 2003.

Schedule 1

Amendment 1.27

Proposed new table, item 7

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Dictionary, definition of civil penalty and censure committee

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omit

Dictionary, proposed new definition of ground for disciplinary action

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insert

ground for disciplinary action—see section 193.

Dictionary, definition of insurer

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omit the definition, substitute

insurer—

(a) for chapter 2A (Early payment for treatment of motor accident injuries)—see section 67A; or

(b) for chapter 3 (Motor accident claims)—see section 73.

Dictionary, definition of licensed insurer

page 209, line 5—

omit the definition, substitute

licensed insurer—