Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 195

Effect of confirmation etc.

    When a scheme is confirmed:

  (a)   it becomes binding on all persons; and

  (b)   it has effect in spite of anything in the constitution of any company affected by the scheme; and

  (c)   the company on whose application the scheme was confirmed must cause a copy of the scheme to be lodged at an office of ASIC in every State and Territory in which a company affected by the scheme carried on business.


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