Commonwealth Consolidated Acts

INSURANCE ACT 1973 - SECT 62ZT

  (1)   APRA may request a liquidator of an entity covered by subsection   62ZR(4) in writing to give APRA, within a reasonable time specified in the request, specified information in writing about:

  (a)   the winding - up of the entity (whether the winding - up occurs as a result of an application made under the Corporations Act 2001 or by APRA under Division   3 of this Part) and the other affairs of the general insurer; or

  (b)   the proposed winding - up of the entity (whether the winding - up will occur as a result of an application made, or proposed to be made, under the Corporations Act 2001 or by APRA under Division   3 of this Part) and the other affairs of the general insurer.

  (2)   The liquidator must comply with the request.

Note:   Action may be taken under the Corporations Act 2001 against a liquidator who does not comply with such a request.