Document ID: chunk:federal_register_of_legislation:C2025C00157:section:92l
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 92L
Character Range: 369222–370068

92L  Report by judicial trustee
 (1) As soon as practicable after becoming the judicial trustee of a designated security trust fund, the judicial trustee must file with the Federal Court a report that:
 (a) recommends the course of action that is, in his or her opinion, most advantageous to the interests of the holders of contracts of insurance covered by the fund; and
 (b) sets out the reasons for that recommendation.
 (2) As soon as practicable after filing a report under this section, the judicial trustee must give a copy of the report to APRA and Lloyd's.
 (3) A report, or a copy of a report, under this section must be available for inspection by any person:
 (a) at the Registry of the Federal Court in which the report is filed, during the business hours of that Registry; and
 (b) at such other place (if any) as APRA determines.