Document ID: chunk:federal_register_of_legislation:C2025C00135:section:161d
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 161D
Character Range: 250077–251026

161D  Moratorium—effect of judicial management on supply of essential services
 (1) If:
 (a) a life company is under judicial management; and
 (b) the judicial manager requests, or authorises someone else to request, a person or authority (the supplier) to supply an essential service to the life company in Australia; and
 (c) the life company owes an amount to the supplier in respect of the supply of the essential service before the day on which the judicial manager took control of the life company's business;
the supplier must not:
 (d) refuse to comply with the request for the reason only that the amount is owing; or
 (e) make it a condition of the supply of the essential service pursuant to the request that the amount is to be paid.
Note: The Court may grant an injunction under section 235 in respect of a contravention of this subsection.
 (2) In this section:
essential service has the same meaning as in the Corporations Act 2001.