Insolvency Law Reform Act 2016 (11 of 2016)
Schedule 3 Other amendments
Part 6 Miscellaneous amendments
Corporations Act 2001
21 Paragraph 435C(3)(h)
Repeal the paragraph, substitute:
(h) if the company is a general insurer (within the meaning of the Insurance Act 1973) - management of the general insurer vests in a judicial manager of the company appointed by the Federal Court under Part VB of the Insurance Act 1973; or
(i) if the company is a life company (within the meaning of the Life Insurance Act 1995) - management of the life company vests in a judicial manager of the life company appointed by the Federal Court under Part 8 of the Life Insurance Act 1995.
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