INSURANCE ACT 1973 - SECT 17G Effect of confirmation etc.

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.