Document ID: chunk:federal_register_of_legislation:C2016C00633:front:0:p1
Version: federal_register_of_legislation:C2016C00633
Segment Type: other
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Character Range: 0–2935

Financial Corporations (Transfer of Assets and Liabilities) Act 1993

No. 97, 1993

Compilation No. 17

Compilation date:    6 May 2016

Includes amendments up to: Act No. 47, 2016

Registered:    14 June 2016

About this compilation

This compilation

This is a compilation of the Financial Corporations (Transfer of Assets and Liabilities) Act 1993 that shows the text of the law as amended and in force on 6 May 2016 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1 Short title
2 Commencement
Part 2—General provisions
3 Interpretation
4 Eligible money market corporation
5 Transferring and receiving corporations
6 Object of Act
7 Application of Act
8 Extension of Act to external Territories
9 Transfer of asset etc. not to require consent etc. of third party
10 Exemption from taxes etc.
11 Compensation for acquisition of property
12 Delegation
Part 3—Income tax relief for transfers
Division 1—Preliminary
13 Object of Part
14 Part to be treated as if it were a provision of the income tax law
14A Modified operation of this Part in relation to transfers from subsidiary members of consolidated groups etc.
Division 2—General relief
15 Asset transfers—general
16 Liability transfers—general
Division 3—Securities
17 Securities—adjustment of cost base
Division 4—Capital gains and capital losses
18 Additional roll‑over relief
19 For the receiving corporation, asset is