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FINANCIAL SECTOR (TRANSFERS OF BUSINESS) ACT 1999

Table of Provisions

PART 1--PRELIMINARYýÜ

  • 1 Short title 
  • 2 Commencement 
  • 3 Additional operation of Act 
  • 4 Definitions 
  • 5 Act binds the Crown 
  • 6 External Territories 
  • 7 Application of Criminal Code 

PART 2--OVERVIEW OF ACT

  • 8 Overview of Act 

PART 3--VOLUNTARY TRANSFERS

  • 9 Outline of Part 
  • 10 Application for approval of voluntary transfer 
  • 11 Approval of applications 
  • 12 Consultation about approving the application 
  • 13 Adequate adoption 
  • 14 Complementary State or Territory legislation 
  • 15 Minister's power to decide that his or her consent is not 
  • 16 Approval may impose conditions 
  • 17 Notice of decision 
  • 18 Certificate of transfer 
  • 19 Partial transfer--statement of detail to be provided 
  • 20 Agreements about matters connected with the transfer 
  • 21 Notice of decision 
  • 22 Time and effect of voluntary transfer 
  • 23 Employment unaffected 

PART 4--COMPULSORY TRANSFERS

  • 24 Outline of Part 
  • 25 Compulsory transfer determinations 
  • 26 Consultation about making the determination 
  • 27 When consent of receiving body is in force 
  • 28 Complementary State or Territory legislation 
  • 29 Minister's power to decide that his or her consent is not 
  • 30 Agreements about matters connected with the transfer 
  • 31 Determination may impose conditions 
  • 32 Notice of determination 
  • 33 Certificate of transfer 
  • 34 Notice of certificate 
  • 35 Time and effect of compulsory transfer 
  • 36 Employment unaffected 

PART 5--EVIDENTIARY CERTIFICATES

  • 37 Certificates evidencing operation of Act etc. 
  • 38 Certificates in relation to land and interests in land 
  • 39 Certificates in relation to other assets 
  • 40 Documents purporting to be certificates 

PART 6--MISCELLANEOUS

  • 41 Information gathering powers 
  • 42 Compulsory transfer--APRA may provide information to receiving 
  • 43 Relationship of Act with other laws etc. 
  • 44 Compensation for acquisition of property 
  • 45 Review of decisions 
  • 46 Transfer rules 
  • 47 Regulations 

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