Private Health Insurance (Prudential Supervision) Act 2015
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Private Health Insurance (Prudential Supervision) Act 2015
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Turn the raw legal text into a practical explanation grounded in Private Health Insurance (Prudential Supervision) Act 2015.
(1) On an application under subsection 66(1), or under paragraph 60(7)(b), the Federal Court may make an order for the appointment of a terminating manager of the health benefits funds of a private health insurer, and any related orders. (2) However, the Federal Court must not make an order for the appointment of a terminating manager unless it is satisfied that doing so will, in the circumstances, be in the interests of the policy holders of the funds.