Document ID: chunk:federal_register_of_legislation:C2025C00185:clause:4_1:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: clause
Provision Reference: sch 4 cl 1 (pt 1/3)
Character Range: 6586031–6588828

1  Definitions
  In this Schedule, except so far as the contrary intention appears:
AFIC Code of a State or Territory means the Australian Financial Institutions Commission Code as set out in the Australian Financial Institutions Commission Act 1992 of Queensland as in force immediately before the transfer date and as applied as a law of the State or Territory.
building society of a State or Territory means a transferring financial institution authorised under the Financial Institutions Code of the State or Territory to operate as a building society immediately before the transfer date.
Financial Institutions Code of a State or Territory means the Financial Institutions Code set out in the Financial Institutions (Queensland) Act 1992 as in force immediately before the transfer date and as applied as a law of the State or Territory.
Friendly Societies Code means the Friendly Societies Code set out in Schedule 1 to the Friendly Societies (Victoria) Act 1996 as in force immediately before the transfer date.
Friendly Societies Code of a State or Territory means:
 (a) the Friendly Societies Code as applied as a law of the State or Territory; or
 (b) if the State is Western Australia—the Friendly Societies (Western Australia) Code set out in the Friendly Societies (Western Australia) Act 1999.
member of a transferring financial institution means a person who, immediately before the transfer date, is a member of the institution under:
 (a) the previous governing Code; or
 (b) the rules of the institution.
membership share means a share in a company that was a transferring financial institution:
 (a) that was taken to have been issued under clause 12 of the transfer provisions; and
 (b) that carries the rights and obligations that were conferred or imposed on the person in a capacity other than that of shareholder, by:
 (i) the institution's rules (as in force immediately before the transfer date); and
 (ii) the previous governing Code; and
 (c) on which no amount is paid; and
 (d) on which no amount is unpaid; and
 (e) that is not:
 (i) transferable or transmissible; or
 (ii) capable of devolution by will or by operation of law; and
 (f) that can be cancelled as set out in subclause 12(3).
previous governing Code for a transferring financial institution means the Code or law under which the institution is registered immediately before the transfer date.
State Supervisory Authority (SSA) for a transferring financial institution means:
 (a) the SSA for the institution within the meaning of the previous governing Code; or
 (b) in the case of The Cairns Cooperative Weekly Penny Savings Bank Limited—the Queensland Office of Financial Supervision.
transfer date means the date that is the transfer date for the purposes of the Financial Sector Reform (Amendments