Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For the purposes of subsection 193 (2) of the Act, an application to the Court for confirmation of a scheme may be made no earlier than whichever is the later of:
(a) the day after the day on which the period referred to in subregulation 9.02 (4) ends; or
(b) unless the Court dispenses with the need for compliance with paragraph 191 (2) (c) of the Act -- 15 days after the approved summary of the scheme has been given to every affected policy owner under that paragraph.
Note The Court may dispense with the need to comply with paragraph 191 (2) (c) of the Act in relation to a particular scheme if it is satisfied that, because of the nature of the scheme or the circumstances attending its preparation, it is not necessary that the paragraph be complied with: subsection 191 (5) of the Act.