Commonwealth Consolidated Acts

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INSURANCE ACT 1973 - SECT 129AA

Institution of offence proceedings no bar to judicial management or winding up

    The institution of proceedings against a body corporate for an offence against this Act, the Financial Sector (Collection of Data) Act 2001 or the Financial Accountability Regime Act 2023 does not prevent the institution of proceedings for:

  (a)   the judicial management; or

  (b)   the winding - up;

of the body corporate on a ground that relates to the matter that constitutes the offence.


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