Commonwealth Consolidated Acts Commonwealth Consolidated ActsOn an application under section 62K, the Federal Court may make an order that a general insurer be placed under judicial management if the Court is satisfied:
(a) that the insurance business of the general insurer has been investigated under Part V; and
(b) that, having regard to the results of the investigation, it is in the interests of policyholders of the general insurer that the order be made.
Note: This section and other provisions relating to judicial management do not apply to the aspects described in subsection 62ZVA(1) of the business and management of a foreign general insurer.