Document ID: chunk:federal_register_of_legislation:C2024C00606:section:25a
Version: federal_register_of_legislation:C2024C00606
Segment Type: section
Provision Reference: s 25A
Character Range: 56030–56669

25A  Ministerial declaration that compulsory transfer should occur in relation to ADI
 (1) The Minister may declare, in writing given to APRA, that:
 (a) a transfer of business should occur from a specified ADI to another specified body corporate; or
 (b) a transfer of shares in a specified ADI to another specified body corporate should occur; or
 (c) either:
 (i) a transfer of business should occur from a specified ADI to another specified body corporate; or
 (ii) a transfer of shares in a specified ADI to another specified body corporate should occur.
 (2) A declaration made under subsection (1) is not a legislative instrument.