17F

Confirmation of scheme

In force

(1)

The Federal Court may:

(a)

confirm a scheme without modification; or

(b)

confirm the scheme subject to such modifications as it thinks appropriate; or

(c)

refuse to confirm the scheme.

(1A)

In deciding whether to confirm a scheme (with or without modifications), the Federal Court must have regard to:

(a)

the interests of the policyholders of a body corporate affected by the scheme; and

(b)

if a report relevant to all or part of the scheme has been filed with the Court under section 62ZI—that report; and

(c)

any other matter the Court considers relevant.

(2)

The Federal Court may make such orders as it thinks fit in relation to reinsurance.

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