CTHIn ForceAct
Life Insurance Act 1995
183BApplication by APRA—voluntary winding up of friendly society
Start here
Get a plain-English read of 183B
Turn the raw legal text into a practical explanation grounded in Life Insurance Act 1995.
#### 183B Application by APRA—voluntary winding up of friendly society
(1) This section applies to a friendly society that may be wound up voluntarily under subsection 180(2).
(2) APRA may apply to the Court:
(a) to determine any question arising in the winding up of the friendly society, or the proposed winding up of the friendly society; or
(b) to exercise all or any of the powers that the Court might exercise if the friendly society were being wound up by the Court.
(3) The Court may make any orders on the application that it thinks fit.