Document ID: chunk:federal_register_of_legislation:C2025C00173:section:51
Version: federal_register_of_legislation:C2025C00173
Segment Type: section
Provision Reference: s 51
Character Range: 74764–75801

51  APRA may appoint external managers
 (1) APRA may, in writing, appoint a person as the external manager of a health benefits fund if the requirements of subsections 52(1) and (2) are satisfied.
 (2) However, the person:
 (a) must be a registered liquidator who is entitled to act as the external manager of a health benefits fund under the current conditions (if any) imposed on the person; and
 (b) must not be a person who is:
 (i) a policy holder of the fund; or
 (ii) an appointed actuary of the fund; or
 (iii) an auditor of the fund; or
 (iv) a chargee of property of the fund; or
 (v) an officer of a body corporate that is a chargee of property of the fund; or
 (vi) a person who is otherwise related to the fund.
 (3) The appointment takes effect from the day specified in the instrument of appointment.
 (4) In this section:
current conditions has the same meaning as in Schedule 2 to the Corporations Act 2001 (the Insolvency Practice Schedule).
registered liquidator has the same meaning as in the Corporations Act 2001.