Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) As soon as practicable after becoming the judicial trustee of a designated security trust fund, the judicial trustee must file with the Federal Court a report that:
(a) recommends the course of action that is, in his or her opinion, most advantageous to the interests of the holders of contracts of insurance covered by the fund; and
(b) sets out the reasons for that recommendation.
(2) As soon as practicable after filing a report under this section, the judicial trustee must give a copy of the report to APRA and Lloyd's.
(3) A report, or a copy of a report, under this section must be available for inspection by any person:
(a) at the Registry of the Federal Court in which the report is filed, during the business hours of that Registry; and
(b) at such other place (if any) as APRA determines.