Document ID: chunk:federal_register_of_legislation:F2022N00208:reg:5
Version: federal_register_of_legislation:F2022N00208
Segment Type: reg
Provision Reference: reg 5
Character Range: 2413–3045

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 Australian Central Credit Union Ltd (ABN 11 087 651 125) to hold more than 20% of the gross assets and liabilities of Heritage Bank Limited (ABN 32 087 652 024).
 (2) The approval is to hold up to 100% of the gross assets and liabilities of Heritage 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 (3) The approval granted under subsection (1) remains in force until repealed or otherwise revoked.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