62ZV
CurrentRelationship with the Corporations Act 2001
Part VBJudicial management, statutory management, other external administration and winding up
Division 3Extra provisions for winding up general insurers
62ZV Relationship with the Corporations Act 2001
Section 62ZU applies in relation to a general insurer in addition to Chapter 5 of the Corporations Act 2001.
Note:
APRA may choose to apply under section 62ZU for an order that a general insurer be wound up. Alternatively, APRA may choose to apply under the Corporations Act 2001 for an order that the general insurer be wound up (for example, under section 459P or 462 of that Act).
This Act’s bill:Second reading speech
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