S 217-20 repealed by No 87 of 2015, s 3 and Sch 1 item 123, effective 1 July 2015.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 217-20 formerly read:
SECTION 217-20 EXTERNAL MANAGERS TO DISPLACE MANAGEMENT OF FUNDS
217-20
If a person is appointed as *external manager of a *health benefits fund, then, for so long as the fund is under *external management:
(a)
the management of the fund vests in the external manager; and
(b)
any *officer of the *responsible insurer for the fund who was vested with the management of the fund immediately before the appointment of the external manager is, by force of this section, divested of that management.