Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:5_28
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 5 cl 28
Character Range: 431993–433098

28  Paragraph 15C(5)(b)
Repeal the paragraph, substitute:
 (b) those arrangements will remain in place until at least the earliest day on which one or more of the following occurs:
 (i) subsection (4) is satisfied;
 (ii) if a Banking Act statutory manager is in control of the party's business—APRA makes an ultimate termination of control under subsection 13C(3) of the Banking Act 1959;
 (iii) if an Insurance Act statutory manager is in control of the party's business—APRA makes an ultimate termination of control under subsection 62ZOC(3) of the Insurance Act 1973;
 (iv) if a Life Insurance Act statutory manager is in control of the party's business—APRA makes an ultimate termination of control under subsection 179AC(3) of the Life Insurance Act 1995;
 (v) if the party is under judicial management under the Insurance Act 1973—an order under section 62ZF of that Act cancelling the judicial management comes into force;
 (vi) if the party is under judicial management under the Life Insurance Act 1995—an order under section 172 of that Act cancelling the judicial management comes into force.