Document ID: chunk:federal_register_of_legislation:C2007A00117:clause:1_36l
Version: federal_register_of_legislation:C2007A00117
Segment Type: clause
Provision Reference: sch 1 cl 36L
Character Range: 12981–13682

36L  What is an internal transfer certificate?

  An internal transfer certificate is a certificate, issued by APRA under section 36M for the purpose of giving effect to a restructure arrangement described in a restructure approval, giving effect to the transfer of specified assets and liabilities between any 2 of the following bodies (including a transfer between any 2 subsidiaries of the NOHC):
 (a) the NOHC that is the subject of the restructure arrangement;
 (b) the operating body;
 (c) any other subsidiary of the NOHC.

Note: The assets or liabilities may be specified by reference to a class or classes of assets or liabilities—see subsection 33(3A) of the Acts Interpretation Act 1901.