45Distribution of remaining assets after completion of the termination process

#### 45 Distribution of remaining assets after completion of the termination process If the termination of the funds is completed and, on the completion, there are assets of those funds, then: (a) if the insurer is a for profit insurer—paragraph 40(1)(b) ceases to apply to the insurer; or (b) if the insurer is not a for profit insurer—the insurer is liable to pay to APRA an amount equal to the value of those assets. > Note: Amounts received by APRA under paragraph (b) are required to be credited to the Risk Equalisation Special Account (see section 318‑5 of the Private Health Insurance Act 2007).