{"type":"doc","content":[{"type":"section","attrs":{"id":"navPoint_31"},"content":[{"type":"heading","attrs":{"id":"v0-p-1443","level":5},"content":[{"type":"text","text":"12H","marks":[{"type":"bold"}]},{"type":"text","text":"  ","marks":[{"type":"bold"}]},{"type":"text","text":"Meaning of ","marks":[{"type":"bold"}]},{"type":"text","text":"critical insurance asset","marks":[{"type":"bold"},{"type":"italic"}]}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(1)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1444"},"content":[{"type":"text","text":"An asset is a "},{"type":"text","text":"critical insurance asset","marks":[{"type":"bold"},{"type":"italic"}]},{"type":"text","text":" if it is any of the following assets:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1445"},"content":[{"type":"text","text":"an asset where the following conditions are satisfied:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1446"},"content":[{"type":"text","text":"the asset is owned or operated by an entity that carries on insurance business;"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1447"},"content":[{"type":"text","text":"the entity is an entity that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(2), is critical to the security and reliability of the financial services and markets sector;"}]}]},{"type":"legalListItem","attrs":{"marker":"(iii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1448"},"content":[{"type":"text","text":"the asset is used in connection with the carrying on of insurance business;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1449"},"content":[{"type":"text","text":"an asset where the following conditions are satisfied:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1450"},"content":[{"type":"text","text":"the asset is owned or operated by a body corporate that is a related body corporate of an entity that carries on insurance business;"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1451"},"content":[{"type":"text","text":"the body corporate is a body corporate that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(3), is critical to the security and reliability of the financial services and markets sector;"}]}]},{"type":"legalListItem","attrs":{"marker":"(iii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1452"},"content":[{"type":"text","text":"the asset is used in connection with the carrying on of insurance business;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(c)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1453"},"content":[{"type":"text","text":"an asset where the following conditions are satisfied:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1454"},"content":[{"type":"text","text":"the asset is owned or operated by an entity that carries on life insurance business;"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1455"},"content":[{"type":"text","text":"the entity is an entity that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(4), is critical to the security and reliability of the financial services and markets sector;"}]}]},{"type":"legalListItem","attrs":{"marker":"(iii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1456"},"content":[{"type":"text","text":"the asset is used in connection with the carrying on of life insurance business;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(d)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1457"},"content":[{"type":"text","text":"an asset where the following conditions are satisfied:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1458"},"content":[{"type":"text","text":"the asset is owned or operated by a body corporate that is a related body corporate of an entity that carries on life insurance business;"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1459"},"content":[{"type":"text","text":"the body corporate is a body corporate that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(5), is critical to the security and reliability of the financial services and markets sector;"}]}]},{"type":"legalListItem","attrs":{"marker":"(iii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1460"},"content":[{"type":"text","text":"the asset is used in connection with the carrying on of life insurance business;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(e)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1461"},"content":[{"type":"text","text":"an asset where the following conditions are satisfied:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1462"},"content":[{"type":"text","text":"the asset is owned or operated by an entity that carries on health insurance business;"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1463"},"content":[{"type":"text","text":"the entity is an entity that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(6), is critical to the security and reliability of the financial services and markets sector;"}]}]},{"type":"legalListItem","attrs":{"marker":"(iii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1464"},"content":[{"type":"text","text":"the asset is used in connection with the carrying on of health insurance business;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(f)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1465"},"content":[{"type":"text","text":"an asset where the following conditions are satisfied:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1466"},"content":[{"type":"text","text":"the asset is owned or operated by a body corporate that is a related body corporate of an entity that carries on health insurance business;"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1467"},"content":[{"type":"text","text":"the body corporate is a body corporate that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(7), is critical to the security and reliability of the financial services and markets sector;"}]}]},{"type":"legalListItem","attrs":{"marker":"(iii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1468"},"content":[{"type":"text","text":"the asset is used in connection with the carrying on of health insurance business."}]}]}]}]}]},{"type":"paragraph","attrs":{"id":"v0-p-1469"},"content":[{"type":"text","text":"Note:"},{"type":"text","text":" "},{"type":"text","text":"The rules may prescribe that a specified critical insurance asset is not a critical infrastructure asset (see section"},{"type":"text","text":" "},{"type":"text","text":"9)."}]}]},{"type":"legalListItem","attrs":{"marker":"(2)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1470"},"content":[{"type":"text","text":"For the purposes of subparagraph"},{"type":"text","text":" "},{"type":"text","text":"(1)(a)(ii), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1471"},"content":[{"type":"text","text":"specified entities that are critical to the security and reliability of the financial services and markets sector; or"}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1472"},"content":[{"type":"text","text":"requirements for an entity to be critical to the security and reliability of the financial services and markets sector."}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(3)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1473"},"content":[{"type":"text","text":"For the purposes of subparagraph"},{"type":"text","text":" "},{"type":"text","text":"(1)(b)(ii), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1474"},"content":[{"type":"text","text":"specified bodies corporate that are critical to the security and reliability of the financial services and markets sector; or"}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1475"},"content":[{"type":"text","text":"requirements for a body corporate to be critical to the security and reliability of the financial services and markets sector."}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(4)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1476"},"content":[{"type":"text","text":"For the purposes of subparagraph"},{"type":"text","text":" "},{"type":"text","text":"(1)(c)(ii), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1477"},"content":[{"type":"text","text":"specified entities that are critical to the security and reliability of the financial services and markets sector; or"}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1478"},"content":[{"type":"text","text":"requirements for an entity to be critical to the security and reliability of the financial services and markets sector."}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(5)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1479"},"content":[{"type":"text","text":"For the purposes of subparagraph"},{"type":"text","text":" "},{"type":"text","text":"(1)(d)(ii), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1480"},"content":[{"type":"text","text":"specified bodies corporate that are critical to the security and reliability of the financial services and markets sector; or"}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1481"},"content":[{"type":"text","text":"requirements for a body corporate to be critical to the security and reliability of the financial services and markets sector."}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(6)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1482"},"content":[{"type":"text","text":"For the purposes of subparagraph"},{"type":"text","text":" "},{"type":"text","text":"(1)(e)(ii), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1483"},"content":[{"type":"text","text":"specified entities that are critical to the security and reliability of the financial services and markets sector; or"}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1484"},"content":[{"type":"text","text":"requirements for an entity to be critical to the security and reliability of the financial services and markets sector."}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(7)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1485"},"content":[{"type":"text","text":"For the purposes of subparagraph"},{"type":"text","text":" "},{"type":"text","text":"(1)(f)(ii), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1486"},"content":[{"type":"text","text":"specified bodies corporate that are critical to the security and reliability of the financial services and markets sector; or"}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1487"},"content":[{"type":"text","text":"requirements for a body corporate to be critical to the security and reliability of the financial services and markets sector."}]}]}]}]}]}]}]}