109
In forceOrders consequential on etc suspension or cancellation
Part 6Residential building work—warranties, conditions, insurance etc
Division 6.4Approved fidelity fund schemes
109 Orders consequential on etc suspension or cancellation
(1)
If the Minister suspends or cancels the approval of a fidelity fund scheme under this division, the Minister may apply to the Supreme Court for orders to give effect to, or consequential on, the suspension or cancellation.
(2)
On application under subsection (1), the Supreme Court may make the orders it considers just, including—
(a)
orders for the winding-up of the scheme; and
(b)
orders in relation to the assets and liabilities of the scheme.
This Act’s bill:Explanatory statementSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.