Document ID: chunk:federal_register_of_legislation:C2025C00157:section:62zzq:p2
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 62ZZQ (pt 2/2)
Character Range: 319452–320806

liquidator under section 62ZZO or subsection 62ZZP(1).
Note: Action may be taken under the Corporations Act 2001 against a liquidator who does not comply with such a requirement.

Requirement made of judicial manager of general insurer—civil penalty
 (8) A judicial manager of a general insurer must comply with a requirement made of the judicial manager under section 62ZZO or subsection 62ZZP(1).
Civil penalty: 200 penalty units.

Requirement made of judicial manager of general insurer—offence
 (9) A judicial manager of a general insurer commits an offence if:
 (a) the judicial manager does, or refuses or fails to do, an act; and
 (b) the doing of the act, or the failure to do the act, results in a contravention of a requirement made under section 62ZZO or subsection 62ZZP(1).
Penalty: 100 penalty units.
 (10) An offence against subsection (9) is an indictable offence.
Note: Section 4K (Continuing and multiple offences) of the Crimes Act 1914 applies to an offence against subsection (9), so the judicial manager commits an offence for each day that the judicial manager does not comply with a requirement under subsection 62ZZP(1).

Requirement made of other person—civil penalty
 (11) A person mentioned in paragraph 62ZZP(1)(e) must comply with a requirement made of the person under subsection 62ZZP(1).
Civil penalty: 200 penalty units.