Corporations (Repeals, Consequentials and Transitionals) Act 2001 (Incorporating amendments up to Act No. 116 of 2003) (55 of 2001)

Schedule 3   Consequential amendments of other Acts

National Health Act 1953

388   Subsection 82YZB(1)

Repeal the subsection, substitute:

(1) Subject to this section, in the winding up of a fund, section 556 of the Corporations Act 2001 applies, but subject to such modifications as the regulations provide, and the assets of the fund must first be applied in meeting the debts and claims identified in subsection 556(1) of that Act that constitute liabilities of the fund, in the order provided for in that subsection.