Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:2_35
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 2 cl 35
Character Range: 138402–139657

35  After subsection 62R(1)
Insert:
 (1A) If, subsequent to that order, a situation arises where there is no judicial manager of the general insurer, or it appears to the Federal Court that it is likely that such a situation will arise, the Federal Court may appoint another judicial manager of the general insurer.
 (1B) If the Federal Court appoints 2 or more judicial managers of a general insurer, or appoints one or more additional judicial managers of a general insurer:
 (a) except to the extent (if any) specified in a declaration by the Federal Court under paragraph (b), the functions and powers under this Act of a judicial manager of the general insurer may be performed or exercised by:
 (i) all of the judicial managers of the general insurer acting jointly; or
 (ii) each of the judicial managers of the general insurer acting individually; and
 (b) at the time of appointment, the Federal Court may make a declaration for the purposes of paragraph (a), specifying limits or conditions on the judicial managers' ability to perform functions and exercise powers jointly or individually; and
 (c) treat a reference in this Act to a judicial manager as being a reference to whichever one or more of those judicial managers the case requires.