Document ID: chunk:federal_register_of_legislation:C2025C00157:section:104:p4
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 104 (pt 4/6)
Character Range: 413993–416626

to accept any payment on account of share capital, except payments in respect of calls that fell due before the direction was given;
 (l) not to repay any amount paid on shares;
 (m) not to pay a dividend on any shares;
 (n) not to pay or transfer any amount to any person, or create an obligation (contingent or otherwise) to do so;
 (o) not to undertake any financial obligation (contingent or otherwise) on behalf of any other person;
 (p) to provide, or further provide, in its accounts for the purposes of this Act, regulations made under this Act and the prudential standards, a specified amount or an amount determined in a specified way in respect of its liabilities or the value of a specified asset of the body corporate;
 (q) to order an actuarial investigation of the affairs of the body corporate, at the expense of the body corporate, by an actuary chosen by APRA;
 (r) to terminate the appointment of the actuary appointed by the body corporate and to appoint another actuary to hold office for such terms as APRA directs;
 (s) not to issue any policy, undertake any liability under any contract of insurance or collect any premium;
 (t) not to discharge any policy or other liability;
 (u) to make changes to the body corporate's systems, business practices or operations;
 (v) to reconstruct, amalgamate or otherwise alter all or part of any of the following:
 (i) the business, structure or organisation of the body corporate;
 (ii) the business, structure or organisation of the group constituted by the body corporate and its subsidiaries;
 (w) to do, or to refrain from doing, anything else in relation to the affairs of the body corporate.
A direction under paragraph (n) not to pay or transfer any amount does not apply to the payment or transfer of money pursuant to an order of a court or a process of execution.
 (4) Without limiting subsection (3), a direction referred to in a paragraph of that subsection may:
 (a) deal with only some of the matters referred to in that paragraph; or
 (b) deal with a particular class or particular classes of those matters; or
 (c) make different provision with respect to different matters or different classes of matters.
 (4A) Without limiting the generality of paragraph (3)(w), a direction under that paragraph to a foreign general insurer may be any one or more of the following:
 (a) a direction that the foreign general insurer act in a way so as to ensure that:
 (i) a particular asset, or a particular class of assets, of the foreign general insurer is returned to the control (however described) of the part of the foreign general insurer's insurance business