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Insurance Act 1973
62ZOJAdministrator in control—additional powers to recommend action by APRA
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#### 62ZOJ Administrator in control—additional powers to recommend action by APRA
Types of recommendation
(1) An administrator of a body corporate’s business may make any of the following recommendations to APRA, by instrument in writing given to APRA:
(a) that APRA make a particular direction under subsection 62ZOM(3) or Division 2 of Part IX in respect of the body corporate;
(b) that APRA apply for the body corporate to be wound up;
(c) if the body corporate is a general insurer—that APRA revoke the general insurer’s authorisation under section 12;
(d) if the body corporate is an authorised NOHC—that APRA revoke the authorised NOHC’s authorisation under section 18.
Effect of recommendation
(2) If an administrator of a body corporate’s business makes a recommendation under this section, APRA must consider the recommendation but is not required to act on it.