92R
In forceApplication of security deposit—costs of judicial trusteeship of designated security trust fund
Part VIILloyd’s
Division 5Judicial trusteeship of designated security trust funds
92R Application of security deposit—costs of judicial trusteeship of designated security trust fund
(1)
The securities lodged with APRA under section 92Q are available to discharge any expenses that are directly attributable to the judicial trusteeship of a designated security trust fund under this Division.
(2)
APRA may apply the securities in discharge of those expenses.
(3)
The expenses referred to in subsection (1) include, but are not limited to:
(a)
expenses incurred in connection with an application made by APRA under this Division; and
(b)
expenses incurred in connection with APRA being heard before the Federal Court under this Division; and
(c)
the payment of the fees of a judicial trustee.
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