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COMMONWEALTHAct
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s 62ZZO

Requiring assistance

In force
Part VCFinancial claims scheme for policyholders with insolvent general insurers
Division 4Administration

62ZZO Requiring assistance

APRA may, by written notice given to any of the following persons, require the person to give APRA such reasonable assistance in the performance of its functions, and the exercise of its powers, under this Part as is specified:

(a)

a general insurer (whether or not it is a declared general insurer);

(b)

a liquidator appointed in connection with the winding up, or proposed winding up, of a general insurer;

(c)

a judicial manager of a general insurer;

(d)

an administrator appointed under subsection 62ZOA(1) to take control of a general insurer’s business.

Note:

APRA may amend or vary the requirement in writing: see subsection 33(3) of the Acts Interpretation Act 1901.

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Section 62ZZO — Requiring assistance — Insurance Act 1973 (Commonwealth) — Barrister AI