Document ID: chunk:federal_register_of_legislation:F2017L01306:body:0:p6
Version: federal_register_of_legislation:F2017L01306
Segment Type: other
Provision Reference: 
Character Range: 13324–16259

the treatment of current products and services, branches and staff; and

          (v)         any proposed changes to the rules or constitution of the receiving body; and

          (vi)       where the transferring body is a friendly society – a statement that the rules governing the operation of the benefit funds being transferred to the receiving body will, after transfer, form part of the receiving body's constitution (unless and until altered); and

          (vii)    where the receiving body is a friendly society – an explanation of any proposed changes to the benefit fund rules; and

          (viii)  if the proposal is for a total transfer of business, an explanation of arrangements for de-registration of the transferring body and distribution of any surplus funds; and

       (k)         if:

          (i)           the draft information document is for members of the transferring body, a recommendation by the board of directors of the transferring body in relation to the transfer; and

          (ii)        the draft information document is for members of the receiving body, a recommendation by the board of directors of the receiving body in relation to the transfer; and

       (l)           if the draft information document is for members of the transferring body, written assurances from the board of the transferring body that:

          (i)           (if all the business of the transferring body is to be transferred) it will ensure that the transferring body will be de-registered and all funds will be returned to members, or physically transferred to the receiving body, as appropriate; and

          (ii)        it will make arrangements to ensure that the directors of the transferring body are responsible for preparation and sign off of financial statements of the company, and are not relieved of the need to lodge financial statements in relation to any period prior to the transfer date by a transfer of business;  and

       (m)        if the draft information document is for members of the transferring body, a statement by the directors of the transferring body of the consequences of members not approving the transfer; and

       (n)         any other information that is material to the making of a decision by a member whether or not to approve a transfer, being information that is within the knowledge of directors of the body and has not previously been disclosed to members of that body;

       (o)         where the transfer of business proposal will trigger the application of Part 5 of Schedule 4 of the Corporations Act 2001 in relation to a body, and the draft information document is for members of that body:

          (i)           the information required by that Part; and

          (ii)        a brief statement outlining the nature of that trigger, an explanation of the extent to which the proposal will affect the mutual status of the body, and the effect