Northern Territory Consolidated Acts

FINANCIAL SECTOR REFORM (NORTHERN TERRITORY) ACT

TABLE OF PROVISIONS

           Long Title

   PART 1 - PRELIMINARY

   1.      Short title
   2.      Purpose
   3.      Commencement
   4.      Definitions
   5.      Crown is bound
   6.      Repeals

   PART 2 - REGISTRATION OF CERTAIN ENTITIES AS COMPANIES

   7.      Transferring financial institutions

   PART 3 - AUTHORISED DEPOSIT TAKING INSTITUTIONS AND LIFE INSURANCE COMPANIES: TRANSFER OF BUSINESS

   8.      Words defined in FS (TB) Act
   9.      Authorised APRA officer
   10.     Voluntary transfers
   11.     Compulsory transfers
   12.     Certificates evidencing operation of Part 13. Interests in land
   14.     Certificates in relation to other assets
   15.     Documents purporting to be certificates
   16.     Relationship of Part with other laws

   PART 4 - CONFERRAL OF FUNCTIONS AND POWERS ON APRA AND ASIC

   17.     Conferral of functions and powers on APRA
   18.     Conferral of functions and powers on ASIC

           Part 5 - Provisions relating to AFIC

           Division 1 - AFIC to continue

   19.     Continuation of AFIC for certain purposes
   20.     Delegation of AFIC's powers

           Division 2 - Provisions about AFIC's staff

   21.     Definition
   22.     Transfer of staff to APRA under transfer agreement
   23.     Effect of transfer under section 22 or of employees of AFIC becoming appointed to the Australian Public Service
   24.     Statement of accrued benefits etc.

           Division 3 - Information may be given to APRA or ASIC

   25.     Giving of information

           Division 4 - Transfer of AFIC's assets and liabilities

   26.     Transfer of assets and liabilities

           Division 5 - Proceedings involving AFIC

   27.     Continuation and preservation of certain civil proceedings involving AFIC
   28.     Continuation of certain offence proceedings

           Part 6 - Provisions relating to TSA

           Division 1 - TSA to continue

   29.     Continuation of TSA for certain purposes
   30.     Contracts and agreements with TSA continue
   31.     Dissolution of TSA

           Division 2 - Information may be given to APRA and ASIC

   32.     Giving of information

           Division 3 - Proceedings involving TSA

   33.     Continuation and preservation of civil proceedings involving TSA
   34.     Continuation of certain offence proceedings

           Division 4 - Winding up of certain funds

   35.     Supervision Fund
   36.     Credit Unions Contingency Fund

           Part 7 - enForcemeNt by APRA and ASIC of repealed Codes

   37.     Conferral of functions and powers relating to financial institutions and friendly societies
   38.     AFIC Code provisions
   39.     Financial Institutions Code provisions
   40.     Friendly Societies Code provisions
   41.     Conferral of functions and powers

           Part 8 - other transitional

   42.     Dormant accounts
   43.     Withdrawable shares in building societies
   44.     Mergers and transfers of engagements commenced under Financial Institutions (NT) Code
   45.     Mergers and transfers of engagements commenced under Friendly Societies (NT) Code
   46.     Australian Financial Institutions Appeals Tribunal

           Part 9 - miscellaneous

   47.     Building societies and credit unions
   48.     Friendly societies
   49.     Exemption from taxes
   50.     Regulations