Document ID: chunk:federal_register_of_legislation:C2025C00157:section:62zzu
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 62ZZU
Character Range: 323170–323965

62ZZU  APRA's costs of administration
 (1) The costs incurred by APRA in relation to the exercise of its powers and the performance of its functions under this Part relating to a declared general insurer are a debt due by the declared general insurer to APRA.
 (2) The debt is admissible to proof against the declared general insurer in the winding up of the general insurer.
 (3) The debt has the same priority in the winding up of the declared general insurer as a claim in respect of a policy issued by the insurer.
 (4) Subsection (1) does not apply to the amounts of entitlements under Division 3.
Note: APRA may be able to recover those amounts through the rights it acquires under section 62ZZL from the person.

Division 5—Exceptions to Part IV of the Competition and Consumer Act 2010