Document ID: chunk:federal_register_of_legislation:C2024C00606:section:36l
Version: federal_register_of_legislation:C2024C00606
Segment Type: section
Provision Reference: s 36L
Character Range: 89946–91086

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:
 (a) if the restructure arrangement is covered by subparagraph 36B(1)(b)(i)—the transfer of specified assets and liabilities between any 2 of the following bodies (including a transfer between any 2 subsidiaries of the NOHC that is the subject of the restructure arrangement):
 (i) the NOHC;
 (ii) the operating body;
 (iii) any other subsidiary of the NOHC; or
 (b) if the restructure approval relates to a restructure arrangement covered by subparagraph 36B(1)(b)(ii)—the transfer of specified assets and liabilities between any 2 of the following bodies (including a transfer between any 2 related bodies corporate of the operating body):
 (i) the operating body;
 (ii) a related body corporate of the operating body.
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.