Document ID: chunk:federal_register_of_legislation:F2022N00210:reg:5
Version: federal_register_of_legislation:F2022N00210
Segment Type: reg
Provision Reference: reg 5
Character Range: 2414–3055

5  Approval of application for transfer of business
 (1) Under paragraph 14(1)(a) of the Act, as modified by section 8 of the Financial Sector (Transfer and Restructure) Regulations 2018, approval is granted to the Newcastle Permanent Building Society Limited (ABN 96 087 651 992) to hold more than 20% of the gross assets and liabilities of Greater Bank Limited (ABN 88 087 651 956).
 (2) The approval is to hold up to 100% of the gross assets and liabilities of Greater Bank Limited.
 (3) The approval granted under subsection (1) remains in force until repealed or otherwise revoked.

Part 3—Related approvals for transfer of business