Commonwealth Consolidated Acts

LIFE INSURANCE ACT 1995 - SECT 166

  (1)   None of the matters mentioned in subsection   (2) affect:

  (a)   the continued operation of other Parts of this Act in relation to a life company; or

  (b)   the operation of the Financial Sector (Collection of Data) Act 2001 or the Financial Accountability Regime Act 2023 in relation to a life company; or

  (c)   the obligation of a life company to comply with those other Parts and those Acts.

  (2)   The matters are as follows:

  (a)   the making by the Court of an order that the life company be placed under judicial management;

  (b)   the commencement of the judicial management of the life company.