Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1239F

    A person may recover from the insurer of a CCIV an amount that was payable to the CCIV under the insurance contract if:

  (a)   a sub - fund of the CCIV is deregistered; and

  (b)   the CCIV has a liability to the person that was a liability of the sub - fund; and

  (c)   the insurance contract covered that liability immediately before the sub - fund was deregistered.