Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008 (105 of 2008)

Schedule 3   Other measures: general insurance

Part 1   Main amendments

Insurance Act 1973

21   At the end of subsection 116A(2)

Add:

Note: Subsection 116(3) gives priority to discharge of liabilities in Australia when a general insurer is being wound up.