62ZR
CurrentInvolving APRA in applications by liquidator
Part VBJudicial management, statutory management, other external administration and winding up
Division 2Extra provisions relating to external administration of general insurers
62ZR Involving APRA in applications by liquidator
(1)
Before making an application to a court in relation to a matter arising under the winding‑up of an entity covered by subsection (4), or the proposed winding‑up of an entity covered by subsection (4), a liquidator must give APRA written notice that the liquidator proposes to make the application.
(2)
The notice must include details of the proposed application.
(3)
APRA is entitled to be heard on the application.
(4)
This subsection covers the following entities:
(a)
a general insurer;
(b)
an authorised NOHC;
(c)
a subsidiary of a general insurer or authorised NOHC.
This Act’s bill:Second reading speech
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