Document ID: chunk:federal_register_of_legislation:F2017L01306:body:0:p5
Version: federal_register_of_legislation:F2017L01306
Segment Type: other
Provision Reference: 
Character Range: 10420–13596

include the following:

          (i)           whether it is a total or partial transfer of business; and

          (ii)        if it is a partial transfer, a description of the business; and

          (iii)      the reason for the transfer of business; and

          (iv)       the proposed transfer process; and

          (v)         the proposed effective date of transfer; and

       (c)         particulars of:

          (i)  the financial position of the transferring body and the receiving body; and

          (ii)  any independent advice obtained by the bodies or either of them (in summary form); and

          (iii)  any material changes in the financial position of the bodies since the date of the last balance sheet laid before the annual general meeting; and

       (d)         particulars of any interest (financial or otherwise) that any officer of any of the bodies has in the proposed transfer of business; and

       (e)         particulars of:

          (i)  any compensation or other consideration proposed to be paid to; and

          (ii)  any other incentive or benefit proposed to be given to; and

          (iii)  any agreement, that is conditional upon the transfer of business, entered into with

           an officer, member, depositor, policyholder or investor in relation to either the transferring or receiving body, in relation to the proposed transfer of business; and

       (f)          details of the effect of any such compensation, consideration, incentive, benefit or agreement referred to in paragraph (e); and

       (g)         particulars of the arrangements in place for interested parties to raise questions or be heard on issues relating to the transfer and whether an independent moderator will be engaged; and

       (h)         descriptions of the transferring body and the receiving body; and

       (i)           particulars of the composition of the boards (including the names of the directors and any proposed changes to the boards) of the transferring body and the receiving body; and

       (j)           particulars of the effects of the transfer, including:

          (i)           changes to the rights and liabilities of the transferred members when they become members of the receiving body (compared with their rights and liabilities as members of the transferring body) and if there will be no such change, a statement to that effect; and

          (ii)        the proposed formula for conversion of membership interests in the transferring body to membership interests in the receiving body; and

          (iii)      a comparison of the fees, charges, interest rates, bonus rates and surrender values of relevant products of the transferring and receiving body; and

          (iv)       a statement from the receiving body's directors of their intentions in relation to future management of the business, including the treatment of current products and services, branches and staff; and

          (v)         any proposed changes to the rules or constitution of the receiving body; and

          (vi)       where the transferring body is a friendly society – a statement that the rules