INSURANCE ACT 1973 - SECT 62ZV Relationship with the Corporations Act 2001
INSURANCE ACT 1973 - SECT 62ZV
Relationship with the Corporations Act 2001Section 62ZU applies in relation to a general insurer in addition to Chapter 5 of the Corporations Act 2001 .
Note: APRA may choose to apply under section 62ZU for an order
that a general insurer be wound up. Alternatively, APRA may choose to apply
under the Corporations Act 2001 for an order that the general insurer be wound
up (for example, under section 459P or 462 of that Act).