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Financial Sector (Transfer and Restructure) Act 1999

No. 45, 1999

Compilation No. 21

Compilation date: 14 October 2024

                Includes amendments: Act No. 38, 2024

About this compilation

This compilation

This is a compilation of the Financial Sector (Transfer and Restructure) Act 1999 that shows the text of the law as amended and in force on 14 October 2024 (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 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 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 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If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.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
3 Additional operation of Act
4 Definitions
4A Related body corporate
4B Relevant group of bodies corporate
5 Act binds the Crown
6 External Territories
7 Application of Criminal Code
7A Application of sections 8 and 8A of the APRA Act
Part 2—Overview of Act
8 Overview of Act
Part 3—Voluntary transfers
Division 1—Outline of Part
9 Outline of Part
Division 2—Approval of voluntary transfers
10 Application for approval of voluntary transfer
11 Approval of applications
12 Consultation about approving the application
13 Adequate adoption
14 Complementary State or Territory legislation
15 Minister's power to decide that his or her consent is not required
16 Approval may impose conditions
17 Notice of decision
Division 3—Process by which voluntary transfers take effect
18 Certificate of transfer
19 Partial transfer—statement of detail to be provided
20 Agreements about matters connected with the transfer
21 Notice of decision
22 Time and effect of voluntary transfer
23 Employment unaffected