Commonwealth Numbered Acts

PRIVATE HEALTH INSURANCE (PRUDENTIAL SUPERVISION) ACT 2015 (NO. 85, 2015) - SECT 47

             (1)  A terminating manager:

                     (a)  must make a written report to APRA relating to the termination of the health benefits funds of a private health insurer as soon as practicable after the completion of the termination of the funds; and

                     (b)  may, at any earlier time, make a written report to APRA relating to the termination of the funds.

             (2)  A report under paragraph (1)(a) may include a recommendation that an application be made under section 48 for the winding up of the insurer.