S 290-1 repealed by No 87 of 2015, s 3 and Sch 1 item 126, effective 1 July 2015. For transitional provisions, see note under s
3-15
. S 290-1 formerly read:
SECTION 290-1 POWERS OF MANAGERS
290-1(1)
While a *health benefits fund is under *external management or *terminating management, the *manager has power, in the interests of the *policy holders of the fund:
(a)
to control the business, affairs and property of the fund; and
(b)
to carry on the business of the fund, and to manage the affairs and property of the fund; and
(c)
to terminate or dispose of all or any part of the business, and to dispose of all or any part of the property, of the fund; and
(d)
to execute a document, bring or defend proceedings, or do any other thing, in the name of the*responsible insurer for the fund, for the purposes of the business of the fund; and
(e)
to appoint a solicitor to assist him or her in his or her duties; and
(f)
to appoint an agent to do any business that the manager is unable to do, or that it is unreasonable to expect the manager to do, in person; and
(g)
to perform any other function and exercise any other power that the insurer or any of its *officers could perform or exercise in relation to the conduct of the fund if the fund were not under external management or terminating management.
290-1(2)
The rights of the insurer, and any of its *officers, to exercise any of those powers in relation to the fund is suspended while the fund is under *external management or *terminating management.