Document ID: chunk:federal_register_of_legislation:C2016A00011:clause:3_21
Version: federal_register_of_legislation:C2016A00011
Segment Type: clause
Provision Reference: sch 3 cl 21
Character Range: 566910–567455

21  Paragraph 435C(3)(h)
Repeal the paragraph, substitute:
 (h) if the company is a general insurer (within the meaning of the Insurance Act 1973)—management of the general insurer vests in a judicial manager of the company appointed by the Federal Court under Part VB of the Insurance Act 1973; or
 (i) if the company is a life company (within the meaning of the Life Insurance Act 1995)—management of the life company vests in a judicial manager of the life company appointed by the Federal Court under Part 8 of the Life Insurance Act 1995.