Document ID: chunk:federal_register_of_legislation:C2012C00862:clause:2_81
Version: federal_register_of_legislation:C2012C00862
Segment Type: clause
Provision Reference: sch 2 cl 81
Character Range: 67580–68585

81  At the end of section 62ZZQ
Add:

Requirement made of judicial manager of general insurer—civil penalty
 (8) A judicial manager of a general insurer must comply with a requirement made of the judicial manager under section 62ZZO or subsection 62ZZP(1).
Civil penalty: 200 penalty units.

Requirement made of judicial manager of general insurer—offence
 (9) A judicial manager of a general insurer commits an offence if:
 (a) the judicial manager does, or refuses or fails to do, an act; and
 (b) the doing of the act, or the failure to do the act, results in a contravention of a requirement made under section 62ZZO or subsection 62ZZP(1).
Penalty: 100 penalty units.
 (10) An offence against subsection (9) is an indictable offence.
Note: Section 4K (Continuing and multiple offences) of the Crimes Act 1914 applies to an offence against subsection (9), so the judicial manager commits an offence for each day that the judicial manager does not comply with a requirement under subsection 62ZZP(1).