179AJAdministrator in control—additional powers to recommend action by APRA

179AJ 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 179AM(3) or Subdivision B of Division 2 of Part 10A 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 life company—that APRA revoke the life company’s registration under section 21; (d) if the body corporate is a registered NOHC—that APRA revoke the registered NOHC’s registration under section 28A. 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.