Document ID: chunk:federal_register_of_legislation:C2007A00117:clause:1_36b
Version: federal_register_of_legislation:C2007A00117
Segment Type: clause
Provision Reference: sch 1 cl 36B
Character Range: 5447–6399

36B  Restructure approvals—application

 (1) This section applies if:
 (a) any of the following bodies (the operating body) proposes to enter into an arrangement (a restructure arrangement) to be approved by an order of the Court under subsection 411(4) of the Corporations Act 2001:
 (i) an ADI;
 (ii) a life insurance company;
 (iii) a general insurer; and
 (b) the arrangement would result in the operating body becoming a subsidiary of a NOHC.

 (2) The operating body may apply in writing to the Minister for an approval (the restructure approval):
 (a) that includes a restructure instrument (see section 36G); and
 (b) that authorises APRA to issue one or more internal transfer certificates under section 36M.

 (3) The application must be in the form prescribed by the transfer rules, and must contain or be accompanied by the information required by the transfer rules.

 (4) The operating body must give a copy of the application to APRA.