Authorisation of General Insurance Company - Australian Government

Service summary

You will require this authorisation if you operate a company intending to carry on general insurance business in Australia. It allows a company to offer liability by way of insurance for clients loss or damage, including paying damages or compensation.

This does not include life insurance, superannuation pensions or payments received after death or retirement, or any benefits offered by friendly societies or trade unions for their members.

Please be aware that if you provide home and / or contents insurance you must provide a key facts sheet to prospective clients. This key facts sheet must contain:

  • What events are covered by the contract
  • The maximum level these events are covered to
  • Any excesses that may apply

        and

  • Details of the cooling off period.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

You must satisfy certain minimum requirements to demonstrate capacity and commitment to carry on business as an insurance company. For example, you must demonstrate the ability to conduct business in a manner that exhibits:

  • Integrity;
  • Prudence; and
  • Professional skill.

You will also have to be registered as a body corporate to apply for this authorisation. Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

Ongoing unless revoked.

Fees

 TypeDescription
ApplyApplication

$68200; plus a levy on the gross premiums received by general insurers.

Forms

 Business structureResources
ApplyCompany

Authorisation of General Insurance Company - Application in writing following discussion with the Agency.

Other resources

 Business structureResources
Comply Guidelines on Authorisation of General Insurers - PDF Opens a PDF in a new browser window
Company

Requirements for Registering a New Insurance Company - This document is available directly from the Agency.

Administering agency

Australian Prudential Regulation Authority

Act(s) name

Insurance Act 1973 (Australian Government)

Contact details

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 2
10-12 Brisbane Ave
Barton
Australian Capital Territory 2600
Mailing address:
General Post Office Box 9836
Canberra City,Australian Capital Territory,
Australia

Phone:

1300558849

Fax:

02 62135251
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 21, Casselden Place
2 Lonsdale Street
Melbourne
Victoria 3000
Mailing address:
General Post Office Box 9836
Melbourne,Victoria,
Australia

Phone:

1300558849

Phone:

03 92467500

Fax:

03 96635085
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 5
5 Mill Street
Perth
Western Australia 6000
Mailing address:
General Post Office Box 9836
Perth,Western Australia,
Australia

Phone:

1300558849

Phone:

08 94206100

Fax:

08 94818142
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 26
400 George Street
Sydney
New South Wales 2000
Mailing address:
General Post Office Box 9836
Sydney,Western Australia,
Australia

Phone:

1300558849

Phone:

08 82353200

Fax:

08 82353200
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 22
25 Grenfell Street
Adelaide
South Australia 5000
Mailing address:
General Post Office Box 9836
Adelaide,South Australia,
Australia

Phone:

1300558849

Phone:

08 82353200

Fax:

08 82353222
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 26
400 George Street
Sydney
New South Wales 2000
Mailing address:
General Post Office Box 9836
Sydney,Western Australia,
Australia

Phone:

1300558849

Phone:

02 92103000

Fax:

02 92103411
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 21, Casselden Place
2 Lonsdale Street
Melbourne
Victoria 3000
Mailing address:
General Post Office Box 9836
Melbourne,Victoria,
Australia

Phone:

1300558849

Phone:

03 92467500

Fax:

03 96635085
contactapra@apra.gov.au

APRA Enquiries Line
Australian Prudential Regulation Authority


Operating address:
Level 9
500 Queen Street
Brisbane City
Queensland 4000
Mailing address:
General Post Office Box 9836
Brisbane,Queensland,
Australia

Phone:

1300558849

Phone:

07 30018500

Fax:

07 30018501
contactapra@apra.gov.au

Supporting information

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.