Commonwealth Consolidated Acts

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INSURANCE ACT 1973 - SECT 17F

Confirmation of scheme

  (1)   The Federal Court may:

  (a)   confirm a scheme without modification; or

  (b)   confirm the scheme subject to such modifications as it thinks appropriate; or

  (c)   refuse to confirm the scheme.

  (1A)   In deciding whether to confirm a scheme (with or without modifications), the Federal Court must have regard to:

  (a)   the interests of the policyholders of a body corporate affected by the scheme; and

  (b)   if a report relevant to all or part of the scheme has been filed with the Court under section   62ZI--that report; and

  (c)   any other matter the Court considers relevant.

  (2)   The Federal Court may make such orders as it thinks fit in relation to reinsurance.


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