Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:2_62zoj
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 2 cl 62ZOJ
Character Range: 176446–177322

62ZOJ  Administrator in control—additional powers to recommend action by APRA

Types of recommendation
 (1) An administrator of a body corporate's business may make any of the following recommendations to APRA, by instrument in writing given to APRA:
 (a) that APRA make a particular direction under subsection 62ZOM(3) or Division 2 of Part IX in respect of the body corporate;
 (b) that APRA apply for the body corporate to be wound up;
 (c) if the body corporate is a general insurer—that APRA revoke the general insurer's authorisation under section 12;
 (d) if the body corporate is an authorised NOHC—that APRA revoke the authorised NOHC's authorisation under section 18.

Effect of recommendation
 (2) If an administrator of a body corporate's business makes a recommendation under this section, APRA must consider the recommendation but is not required to act on it.