Document ID: chunk:federal_register_of_legislation:C2016A00043:clause:1_10
Version: federal_register_of_legislation:C2016A00043
Segment Type: clause
Provision Reference: sch 1 cl 10
Character Range: 8222–9618

10  Section 5
Insert:
specified stay provision: each of the following is a specified stay provision:
 (a) subsection 11CD(1A) of the Banking Act 1959;
 (b) subsection 13N(2) of the Banking Act 1959;
 (c) subsection 14AC(2) of the Banking Act 1959;
 (d) subsection 15C(2) of the Banking Act 1959;
 (e) subsection 36AA(2) of the Business Transfer Act;
 (f) subsection 62V(2) of the Insurance Act 1973;
 (g) subsection 62ZB(2) of the Insurance Act 1973;
 (h) subsection 103K(2) of the Insurance Act 1973;
 (i) subsection 105(1A) of the Insurance Act 1973;
 (j) subsection 165B(2) of the Life Insurance Act 1995;
 (k) subsection 168C(2) of the Life Insurance Act 1995;
 (l) subsection 230AJ(2) of the Life Insurance Act 1995;
 (m) subsection 230C(1A) of the Life Insurance Act 1995;
 (n) subsection 101(2) of the Private Health Insurance (Prudential Supervision) Act 2015.
statutory/judicial management: a person is under statutory/judicial management if:
 (a) an ADI statutory manager has control of the person's business under the Banking Act 1959; or
 (b) the person is under judicial management under the Insurance Act 1973; or
 (c) the person, or a part of the person's business, is under judicial management under the Life Insurance Act 1995.
trigger event, for a close‑out netting contract, means an event of a kind mentioned in paragraph (a) of the definition of close‑out netting contract.