Commonwealth Consolidated Acts

PRIVATE HEALTH INSURANCE ACT 2007 - SECT 149.45

                   If the termination of the funds is completed and, on the completion, there are * assets of those funds, then:

                     (a)  if the insurer is * registered as a for profit insurer--paragraph 149-20(1)(b) ceases to apply to the insurer; or

                     (b)  if the insurer is not registered as a for profit insurer--the insurer is liable to pay to the Council an amount equal to the value of those assets.