Commonwealth Consolidated Acts

INSURANCE ACT 1973 - SECT 62PB

  (1)   A person must not dispose of property if:

  (a)   the property is owned by another person; and

  (b)   the other person is a general insurer; and

  (c)   the general insurer is under judicial management.

Note:   The Federal Court may grant an injunction under section   129D in respect of a contravention of this subsection.

  (2)   Subsection   (1) does not apply if the judicial manager consents to the disposal.

  (3)   The judicial manager is not liable to an action or other proceedings for damages in respect of a refusal to give consent under subsection   (2).