Commonwealth Consolidated Acts

INSURANCE ACT 1973 - SECT 17G

                   When a scheme is confirmed:

                     (a)  it becomes binding on all persons; and

                     (b)  it has effect in spite of anything in the constitution of any body corporate affected by the scheme; and

                     (c)  the body corporate on whose application the scheme was confirmed must cause a copy of the scheme to be lodged at an office of ASIC in every State and Territory in which a company affected by the scheme carried on business.