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Contents

Long Title

Part I PRELIMINARY

Part II DEPOSIT INSURANCE SCHEME

Part III DEPOSIT INSURANCE FUND

Part IV PREMIUM CONTRIBUTIONS FOR DI SCHEME

Part V COMPENSATION UNDER DI SCHEME

Part VI POLICY OWNERS’ PROTECTION SCHEME

Part VII POLICY OWNERS’ PROTECTION LIFE FUND AND POLICY OWNERS’ PROTECTION GENERAL FUND

Part VIII LEVIES FOR PPF SCHEME

Part IX COMPENSATION AND USE OF PPF LIFE FUND AND PPF GENERAL FUND

Part X deposit insurance AND POLICY OWNERS’ PROTECTION FUND AGENCY

Part XI OFFENCES

Part XII FINANCIAL AND AUDIT PROVISIONS

Part XIII MISCELLANEOUS

FIRST SCHEDULE Insured deposit and Maximum DI Coverage

SECOND SCHEDULE Categories of insured policies

THIRD SCHEDULE Protected liabilities

FOURTH SCHEDULE Protection ratio

FIFTH SCHEDULE Provisions applicable to the holding and payment of compensation by the Public Trustee to persons entitled to payment of compensation under this Act

SIXTH SCHEDULE Financial provisions with respect to DI Fund, PPF Life Fund and PPF General Fund

SEVENTH SCHEDULE Financial provisions with respect to Agency

Legislative History

Comparative Table

 
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Related Subsidiary Legislation | Legislative History | Amendment Annotation off
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On 21/05/2013, you requested for the version in force on 21/05/2013 incorporating all amendments published on or before 21/05/2013. The closest version currently available is that of 18/04/2013.
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Disclosure of information relating to levies
45.
—(1)  Subject to subsections (2) and (3), no PPF Scheme member or officer of any PPF Scheme member shall disclose to any person —
(a)
the levy rate applicable to the PPF Scheme member;
(b)
the category in which the PPF Scheme member is classified pursuant to section 38;
(c)
where the system of classifying a PPF Scheme member incorporates a rating of the PPF Scheme member based on the assessment by the Authority of the risks arising from the activities of the PPF Scheme member, the rating of the PPF Scheme member; and
(d)
any information which if disclosed, would enable any of the information referred to in paragraph (a), (b) or (c) to be identified or deduced.
(2)  Notwithstanding subsection (1), a PPF Scheme member or an officer of a PPF Scheme member may disclose to —
(a)
any director or officer of the PPF Scheme member;
(b)
in the case where the PPF Scheme member is a branch, the head office, parent corporation or parent supervisory authority of the PPF Scheme member;
(c)
in the case where the PPF Scheme member is a company which is a subsidiary of a foreign corporation, the foreign corporation or the parent supervisory authority of the foreign corporation; or
(d)
such other person or class of persons as the Authority may approve,
any of the matters referred to in subsection (1) where such disclosure is necessary for the performance of the duties of the person referred to in paragraph (a), (b) or (c), as the case may be.
(3)  No person to whom the PPF Scheme member or officer of the PPF Scheme member has disclosed information pursuant to subsection (2) shall disclose that information to any other person except as approved by the Authority.
(4)  Any person who contravenes subsection (1) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both.