Commonwealth Consolidated Acts

INSURANCE ACT 1973 - SECT 62ZD

  (1)   APRA may require a judicial manager, by written notice given to the judicial manager, to give APRA information about one or more of the following matters:

  (a)   the conduct of the judicial management;

  (b)   the financial position of the general insurer under judicial management;

  (c)   a matter that APRA considers will enable APRA to perform APRA's functions under Part   VC.

  (2)   The notice must specify a reasonable period within which the information must be given to APRA.

  (3)   A judicial manager commits an offence if:

  (a)   APRA requires the judicial manager to give APRA information under subsection   (1); and

  (b)   the judicial manager refuses or fails to give the information.

Penalty:   Imprisonment for 6 months or 100 penalty units, or both.

  (4)   A judicial manager commits an offence if:

  (a)   APRA requires the judicial manager to give APRA information under subsection   (1); and

  (b)   the judicial manager refuses or fails to give the information.

Penalty:   60 penalty units.

  (5)   An offence against subsection   (4) is an offence of strict liability.

Note:   For strict liability, see section   6.1 of the Criminal Code .