Document ID: chunk:federal_register_of_legislation:C2015A00087:clause:2_7
Version: federal_register_of_legislation:C2015A00087
Segment Type: clause
Provision Reference: sch 2 cl 7
Character Range: 60643–61220

7  Mergers and acquisitions of health benefits funds
(1) An approval that is in force under section 146‑5 of the PHI Act immediately before the transition time has effect from the transition time as if it were an approval by APRA under section 33 of the Prudential Supervision Act.
(2) If an application made to the Council before the transition time under section 146‑5 of the PHI Act has not been decided by the transition time, the Prudential Supervision Act applies in relation to the application as if it had been made under section 33 of the Prudential Supervision Act.