S 217-10 repealed by No 87 of 2015, s 3 and Sch 1 item 123, effective 1 July 2015. For transitional provisions, see note under s
3-15
. S 217-10 formerly read:
SECTION 217-10 COUNCIL MAY APPOINT EXTERNAL MANAGERS
217-10(1)
The Council may, in writing, appoint a person as the *external manager of a *health benefits fund if the requirements of subsections 217-15(1) and (2) are satisfied.
217-10(2)
However, the person:
(a)
must be registered, or taken to be registered, as an official liquidator under the
Corporations Act 2001
; and
(b)
must not be a person who is:
(i)
a *policy holder of the fund; or
(ii)
an auditor of the fund; or
(iii)
a chargee of property of the fund; or
(iv)
an officer of a body corporate that is a chargee of property of the fund; or
(v)
a person who is otherwise related to the fund.
217-10(3)
The appointment takes effect from the date specified in the instrument of appointment.