Commonwealth Consolidated Acts

INSURANCE ACT 1973 - SECT 62ZV

    Section   62ZU applies in relation to a general insurer in addition to Chapter   5 of the Corporations Act 2001 .

Note:   APRA may choose to apply under section   62ZU for an order that a general insurer be wound up. Alternatively, APRA may choose to apply under the Corporations Act 2001 for an order that the general insurer be wound up (for example, under section   459P or 462 of that Act).