Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:4_33
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 4 cl 33
Character Range: 394880–395463

33  After subsection 24(1)
Insert:
 (1A) For a compulsory transfer of shares to take effect, APRA must:
 (a) make a determination (the compulsory transfer of shares determination) that there is to be a transfer of shares in a body (the transferring body) to another body (the receiving body) (see section 25AA); and
 (b) issue a certificate (the certificate of transfer) stating that the transfer is to take effect (see section 33).
 (1B) A compulsory transfer of business determination and a compulsory transfer of shares determination are both compulsory transfer determinations.