Commonwealth Consolidated Acts

INSURANCE ACT 1973 - SECT 17F

             (1)  The Federal Court may:

                     (a)  confirm a scheme without modification; or

                     (b)  confirm the scheme subject to such modifications as it thinks appropriate; or

                     (c)  refuse to confirm the scheme.

          (1A)  In deciding whether to confirm a scheme (with or without modifications), the Federal Court must have regard to:

                     (a)  the interests of the policyholders of a body corporate affected by the scheme; and

                     (b)  if a report relevant to all or part of the scheme has been filed with the Court under section 62ZI--that report; and

                     (c)  any other matter the Court considers relevant.

             (2)  The Federal Court may make such orders as it thinks fit in relation to reinsurance.