12A

12A Transfer from an incorporated association

(1) This rule applies to an application under section 146‑5 made before 1 January 2010 where: (a) the arrangement is between: (i) a transferor insurer that is an incorporated association under a law of a State or Territory; and (ii) a transferee insurer that is incorporated by or under the Corporations Act 2001; and (b) under the arrangement: (i) all of the assets and liabilities of the transferor insurer are being transferred to the transferee insurer; and (ii) the transferee insurer has only one health benefits fund and that fund is the receiving fund; and (iii) the assets and liabilities of the transferor insurer, other than any transferred by operation of the Act, are being transferred by an order made under a law of a State or Territory that deals with the transfer of assets and liabilities from an incorporated association to another corporation. (2) If this rule applies to an arrangement, the parties to the arrangement are not required to comply with: (a) each of paragraphs 11(3)(g) to (k) and 12(1)(b) to (i), including for the purposes of rule 14; or (b) subrule 15(1).