PRIVATE HEALTH INSURANCE (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 2007

PART 5 - TRANSITIONAL PROVISIONS RELATING TO CHAPTER 5 OF THE NEW ACT  

Division 2 - Enforcement of health benefits fund requirements  

SECTION 26  

26   WINDING UP OF FUNDS AND REGISTERED ORGANIZATIONS  
If:


(a) before the commencement time:


(i) the Federal Court of Australia made an order for the winding up of a fund on an application made under section 82YO or 82YP of the National Health Act 1953 ; or

(ii) under paragraph 82YH(1)(c) of that Act, the Council approved the winding up of a fund; or

(iii) the Federal Court of Australia made an order for the winding up of a registered organization on an application made under section 82YT or 82YU of the National Health Act 1953 ; or

(iv) under paragraph 82YL(1)(c) of that Act, the Council approved a special resolution of the members of a registered organization that it should be voluntarily wound up; and


(b) at the commencement time, the winding up of the fund or organization (including the performance of functions and exercise of powers by the liquidator or by the Council in relation to the winding up) has not concluded;

then, despite the repeal of Part VIA of that Act by this Act, that Part continues to apply after the repeal in relation to the winding up, and the performance of functions and exercise of powers by that person or by the Council in relation to the winding up, as if the repeal had not occurred.


 

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