Report by judicial trustee
92L Report by judicial trustee
As soon as practicable after becoming the judicial trustee of a designated security trust fund, the judicial trustee must file with the Federal Court a report that:
recommends the course of action that is, in his or her opinion, most advantageous to the interests of the holders of contracts of insurance covered by the fund; and
sets out the reasons for that recommendation.
As soon as practicable after filing a report under this section, the judicial trustee must give a copy of the report to APRA and Lloyd’s.
A report, or a copy of a report, under this section must be available for inspection by any person:
at the Registry of the Federal Court in which the report is filed, during the business hours of that Registry; and
at such other place (if any) as APRA determines.
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