Document ID: chunk:federal_register_of_legislation:C2025C00157:section:62zh
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 62ZH
Character Range: 217158–218057

62ZH  Disclaimer of onerous property
  Division 7A (Disclaimer of onerous property) of Part 5.6 of the Corporations Act 2001 applies in relation to the disclaimer of property of a general insurer by a judicial manager of the general insurer as if:
 (a) the general insurer were a company for the purposes of that Division; and
 (b) the judicial manager were the liquidator of the company; and
 (c) a reference in that Division to the Court were a reference to the Federal Court; and
 (d) subsection 568(10) of the Corporations Act 2001 were omitted; and
 (e) the policyholders of the general insurer were the company's creditors for the purposes of subsections 568B(3) and 568E(5) of the Corporations Act 2001.
Note: One effect of this is that the judicial manager of a general insurer has essentially the same powers and duties relating to the disclaimer of property as a liquidator of a company.