Commonwealth Numbered Acts

PRIVATE HEALTH INSURANCE (PRUDENTIAL SUPERVISION) ACT 2015 (NO. 85, 2015) - SECT 62

             (1)  The external management of a health benefits fund begins when an external manager is appointed under section 51 to administer the fund.

             (2)  The external management of a health benefits fund ends when:

                     (a)  APRA terminates the appointment of the external manager and does not appoint a replacement external manager; or

                     (b)  a voluntary deed of arrangement relating to the fund is executed; or

                     (c)  APRA notifies the external manager, under subsection 60(2), that it has accepted the external manager's recommendation, made under subsection 59(3), that the external management cease; or

                     (d)  the Federal Court makes an order or orders under section 61 for a course of action approved by APRA and incorporated in a scheme of arrangement; or

                     (e)  a terminating manager of the fund is appointed.