INSURANCE ACT 1973 - SECT 62ZK Transfer of business to another general insurer
INSURANCE ACT 1973 - SECT 62ZK
Transfer of business to another general insurer(1) If the Federal Court orders the transfer of the business of a general insurer to another general insurer, the judicial manager must prepare a scheme for the transfer in accordance with Division 3A of Part III.
(2) Until the Federal Court confirms the scheme under that Part,
the general insurer continues to be under judicial management.