Document ID: chunk:federal_register_of_legislation:F2017L01295:body:0:p2
Version: federal_register_of_legislation:F2017L01295
Segment Type: other
Provision Reference: 
Character Range: 2760–5948

and

       (d)          where it is proposed that particular assets and liabilities will be, or are likely to be, transferred by way of internal transfer certificate, a schedule describing the relevant transferring and receiving bodies (to the extent known); and

       (e)          where it is proposed that particular assets and liabilities will be, or are likely to be, transferred other than by way of internal transfer certificate, a description of the manner by which such transfers are to be effected, together with a schedule describing the relevant bodies (to the extent known); and

       (f)           a statement as to how the proposed restructure arrangement will:

           (i)            improve the operating body's ability to meet its prudential requirements; and

           (ii)         affect the interests of depositors or policy owners of the operating body, including any matters which may add to or detract from the safety and soundness of these interests. This must include:

              (A)        details of any proposed transfer of deposits or policies from the operating body or any other regulated member of the group headed by the NOHC; and

              (B)        to the extent known, particulars of the financial position of the operating body, both currently and projected upon completion of the restructure, including details of capital measures; and

              (C)        to the extent known, particulars of the projected financial position of the NOHC, and its consolidated group, upon completion of the restructure, including details of capital measures; and

           (iii)       affect the ability of APRA to supervise the operating body and to address risks to the operating body and other regulated members of the group headed by the NOHC; and

           (iv)        affect the interests of the financial sector as a whole (to the extent known); and

       (g)          a description of the proposed restructure process, including, to the extent known:

           (i)            a list of required regulatory and court approvals, including the proposed timeframe for seeking such approvals and contingency plans should approvals not be obtained in timeframe proposed; and

           (ii)         the proposed timetable for establishing any new receiving entities within the group, including the NOHC; and

       (h)          details, to the extent known, of the composition of the board and senior management of:

           (i)            the operating body, currently, and upon completion of, the restructure; and

           (ii)         the NOHC; and

           (iii)       any other prudentially regulated subsidiaries of the NOHC, both currently, and upon completion of the restructure; and

       (i)            where the operating body, and proposed NOHC, are foreign owned, written advice from the home supervisor as to whether it consents to the establishment of the NOHC and the transfer of business proposed to be undertaken; and

       (j)            if relief is to be sought in a restructure instrument under section 36G of the Act:

           (i)            the names of the entities to