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COMMONWEALTHAct
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s 62X

Federal Court’s control of judicial manager

In force
Part VBJudicial management, statutory management, other external administration and winding up
Division 1Judicial management of general insurers

62X Federal Court’s control of judicial manager

(1)

A judicial manager is subject to the control of the Federal Court.

(2)

In addition to duties imposed by this Part, a judicial manager has such duties as the Federal Court directs.

(3)

A judicial manager may apply to the Federal Court at any time for instructions:

(a)

as to the way in which the judicial management should be conducted; or

(b)

in relation to any matter arising during the judicial management.

(4)

Before applying to the Federal Court for instructions, the judicial manager must:

(a)

inform APRA that he or she intends to make the application; and

(b)

give APRA written details of the application.

(5)

APRA is entitled to be heard on the application.

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Section 62X — Federal Court’s control of judicial manager — Insurance Act 1973 (Commonwealth) — Barrister AI