{
  "node_id": "au-insurance-act-1973",
  "title": "Australia Insurance Act 1973 - Authorisation Supervision and Capital of General Insurers",
  "domain": "Insurance & Risk",
  "version": "1.0.0",
  "last_updated": "2026-05-28T00:00:00Z",
  "bluf": "The Insurance Act 1973 requires entities carrying on general insurance business in Australia to be authorised by the Australian Prudential Regulation Authority unless an exception applies, authorises APRA to make prudential standards governing capital adequacy, governance, risk management, reinsurance, conduct, and reporting, gives APRA powers of investigation, direction, and judicial management over a failing general insurer, requires authorised insurers to hold sufficient eligible assets in Australia to cover Australian liabilities, supports the Financial Claims Scheme for policyholders of failed general insurers, and creates civil and criminal penalties for breach.",
  "paywall": {
    "status": "LOCKED",
    "unlock_cost_usd": "0.01",
    "skyfire_id": "41779894-ece2-4163-9761-b3b1b76e19b0"
  },
  "crosswalks": {
    "_available_keys": [
      "industry_mapping",
      "framework_alignment"
    ],
    "_note": "Full crosswalk values included in vault response"
  },
  "dependencies": [
    "au-corporations-act-2001-chapter-2d-directors-duties"
  ],
  "primary_citations_count": 8
}