Commonwealth Consolidated Acts

INSURANCE ACT 1973 - SECT 62ZR

  (1)   Before making an application to a court in relation to a matter arising under the winding - up of an entity covered by subsection   (4), or the proposed winding - up of an entity covered by subsection   (4), a liquidator must give APRA written notice that the liquidator proposes to make the application.

  (2)   The notice must include details of the proposed application.

  (3)   APRA is entitled to be heard on the application.

  (4)   This subsection covers the following entities:

  (a)   a general insurer;

  (b)   an authorised NOHC;

  (c)   a subsidiary of a general insurer or authorised NOHC.