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COMMONWEALTHAct
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s 62ZOY

Application of other provisions

In force
Part VBJudicial management, statutory management, other external administration and winding up
Division 1AStatutory management of general insurers
Subdivision BProvisions dealing with control of a body corporate’s business by an Insurance Act statutory manager

62ZOY Application of other provisions

(1)

None of the matters mentioned in subsection (2) affect:

(a)

the continued operation of other provisions of this Act in relation to a body corporate; or

(b)

the operation of the Financial Sector (Collection of Data) Act 2001 or the Financial Accountability Regime Act 2023 in relation to a body corporate; or

(c)

the obligation of a body corporate to comply with those other provisions and those Acts.

(2)

The matters are as follows:

(a)

the appointment of an Insurance Act statutory manager of the body corporate’s business under this Division;

(b)

the fact that an Insurance Act statutory manager is in control of the body corporate’s business.

(3)

The Public Governance, Performance and Accountability Act 2013 does not apply to a body corporate that has an Insurance Act statutory manager.

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