Section Sch6-“ 59A — Injury Prevention, Rehabilitation, and Compensation Act 2001: Special considerations if insurer under Part 10 of Injury Prevention, Rehabilitation, and Compensation Act 2001 is subject to statutory management

“ 59A Special considerations if insurer under Part 10 of Injury Prevention, Rehabilitation, and Compensation Act 2001 is subject to statutory management A statutory manager of an insurer to whom Part 10 of the Injury Prevention, Rehabilitation, and Compensation Act 2001 applies must not— “ (a) exercise any power conferred by this Part if to do so would prejudice the need to ensure that arrangements are in place to ensure that the obligations of the insurer to provide statutory entitlements under that Act are met without interruption; or “ (b) enter into a contract of sale under this Part unless another insurer or the Accident Compensation Corporation is liable to provide those statutory entitlements under Part 10. ”