S 296-10 repealed by No 87 of 2015, s 3 and Sch 1 item 126, effective 1 July 2015.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 296-10 formerly read:
SECTION 296-10 TERMINATION OF APPOINTMENTS OF MANAGERS
296-10(1)
The Council may, at any time, by written notice given to a *manager, terminate the appointment of the manager with effect from the date specified in the instrument of termination.
296-10(2)
If the Council terminates the appointment of an *external manager, it may appoint another external manager (the
replacement external manager)
to carry on the *external management.
296-10(3)
If the Council terminates the appointment of an *external manager of a *health benefits fund but does not appoint a replacement external manager, then, with effect from the termination:
(a)
the external manager whose appointment has been terminated is divested of the power:
(i)
to control the business, affairs and property of the fund; and
(ii)
to carry on the business, and to manage the affairs and property, of the fund;
and those powers vest once again in the *officers of the *responsible insurer for the fund; and
(b)
all of the other powers of the external manager in relation to the fund cease.
296-10(4)
If the Council terminates the appointment of a *terminating manager, it must appoint another terminating manager to carry on the *terminating management, unless:
(a)
the Federal Court has ordered under section 149-35 an end to the termination of the *health benefits funds in question; or
(b)
the termination of those funds has been *completed, and the terminating manager has reported to the Council under section 149-55.
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