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FINANCIAL SECTOR REFORM (SOUTH AUSTRALIA) ACT 1999

Table of Provisions

PART 1--Preliminary

  • 1 Short title
  • 4 Interpretation

PART 2--Conferral of functions and powers on APRA and ASIC

  • 5 Conferral of functions and powers on APRA
  • 6 Conferral of functions and powers on ASIC
  • 6A Administrative functions and powers conferred on relevant Commonwealth bodies

PART 3--Provisions relating to AFIC

Division 1--AFIC to continue

  • 7 Continuation of AFIC for certain purposes
  • 8 Delegation of AFIC's powers

Division 2--Provisions about AFIC's staff

  • 9 Interpretation
  • 10 Transfer of staff to APRA under transfer agreement
  • 11 Effect of transfer under section 10 or of employees of AFIC becoming appointed to the Australian Public Service
  • 12 Statement of accrued benefits etc

Division 3--Information may be given to APRA or ASIC

  • 13 Giving of information

Division 4--Transfer of AFIC's assets and liabilities

  • 14 Transfer of assets and liabilities

Division 5--Proceedings involving AFIC

  • 15 Continuation and preservation of certain civil proceedings involving AFIC
  • 16 Continuation of certain offence proceedings

PART 4--Provisions relating to SAOFS

Division 1--Transfer of SAOFS' assets and liabilities

  • 17 Transfer of assets and liabilities

Division 2--Provisions about SAOFS' staff

  • 18 Transfer of staff to APRA under transfer agreement
  • 19 Effect of transfer to APRA or APS
  • 20 Statement of accrued benefits etc

Division 3--Winding up of Funds

Division 4--Proceedings involving SAOFS

  • 23 Continuation and preservation of civil proceedings involving SAOFS
  • 24 Continuation of certain offence proceedings

Division 5--Information may be given by SAOFS

  • 25 Giving of information

PART 5--Enforcement by APRA and ASIC of repealed Codes

PART 6--Other transitional provisions

  • 31 Dormant accounts
  • 32 Withdrawable shares in building societies
  • 33 Matters in relation to deregistered financial bodies and societies
  • 34 Mergers and transfers of engagements commenced under Financial Institutions (South Australia) Code
  • 35 Mergers and transfers of engagements commenced under Friendly Societies (South Australia) Code
  • 36 Australian Financial Institutions Appeals Tribunal

PART 7--Miscellaneous

  • 37 Registration or record of transfer
  • 38 Exemption from State taxes
  • 39 Relationship of Act with other laws
  • 40 Regulations
  • Legislative history The Parliament of South Australia enacts as follows:

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