Document ID: chunk:federal_register_of_legislation:C2024C00606:section:42
Version: federal_register_of_legislation:C2024C00606
Segment Type: section
Provision Reference: s 42
Character Range: 105310–106174

42  Compulsory transfer—APRA may provide information to receiving body
  APRA may, in connection with a compulsory transfer, or a proposed or possible compulsory transfer, provide information (including personal information or confidential commercial information) to the receiving body, or to the possible or proposed receiving body, about:
 (a) in the case of a transfer of business—the business that is to be, or that may be, transferred; or
 (b) in the case of a transfer of shares:
 (i) the shares that are to be, or that may be, transferred; and
 (ii) the business of the transferring body.
Note: Subsection 56(9) of the Australian Prudential Regulation Authority Act 1998 allows an officer of APRA who (on APRA's behalf) provides information to a body under this section to impose conditions to be complied with by the body in relation to that information.