16APWhen this Subdivision applies

#### 16AP When this Subdivision applies This Subdivision applies if: (a) a court orders the winding up of an ADI that becomes a declared ADI before, on or after the order is made; and (b) on making the order, the court appoints a liquidator of the ADI; and (c) an account‑holder has an entitlement under Subdivision C connected with a protected account the account‑holder has with the ADI; and (d) after the operation of section 16AI of this Act, section 553C of the Corporations Act 2001 and, if relevant, section 554B of that Act, there is still a debt payable by the ADI to the account‑holder, or a claim of the account‑holder against the ADI, based on a right to be paid an amount by the ADI in connection with the protected account.