Document ID: chunk:federal_register_of_legislation:F2020C00026:reg:13a
Version: federal_register_of_legislation:F2020C00026
Segment Type: reg
Provision Reference: reg 13A
Character Range: 3982–4588

13A  Application for approval to hold business to be transferred under the Financial Sector (Transfer and Restructure) Act 1999
 (1) This section applies to a financial sector company to which more than 20% of the gross assets and liabilities of another financial sector company (the transferring business) is to be transferred under the Financial Sector (Transfer and Restructure) Act 1999.
 (2) The company must apply to the Treasurer for approval to hold the transferring business.
 (3) This Division applies to the application as if the transferring business were a separate financial sector company.