Document ID: chunk:federal_register_of_legislation:F2017L01306:body:0:p12
Version: federal_register_of_legislation:F2017L01306
Segment Type: other
Provision Reference: 
Character Range: 28960–31816

accurate copy of the minute.

   Note 2  Before proceeding with adequate adoption, applicants should consult with APRA as to whether: (1) APRA is likely to consider that that the adoption of the transfer in that way adequately takes into account the interests of members of the body as required by paragraph 13(b) of the Act; and (2) APRA considers that the information provided in and with the first and second letters is in accordance with these rules and otherwise satisfactory.

      Interpretation

    16.        In these Rules:

   ACCC means the Australian Competition and Consumer Commission established under section 6A of the Competition and Consumer Act 2010.

   ACN has the meaning in section 9 of the Corporations Act 2001.

   ADI means an authorised deposit-taking institution in terms of subsection 4(1) of the Act.

   approved information document means a draft information document that has been approved by APRA under rule 9 together with any amendments required under APRA's approval.

   APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.

   ARBN has the meaning in section 9 of the Corporations Act 2001.

   ASIC means the Australian Securities and Investments Commission within the meaning of the Australian Securities and Investments Commission Act 2001.

   ATO means the branch of the Commonwealth known as the Australian Taxation Office.

   body means a transferring body or a receiving body.

   CEO means the Chief Executive Officer of the transferring body or the receiving body (as the case requires) and if the body does not have a person with the title of CEO or Chief Executive Officer means the most senior executive officer of the body for the time being, by whatever name called, and whether or not he or she is a member of the governing body of the body.

   draft information document has the meaning in paragraph 7(g) of these Rules.

   FIRB means the non-statutory Commonwealth body known as the Foreign Investment Review Board established to advise the Treasurer on foreign investment matters.

   friendly society has the meaning in the Life Insurance Act 1995.

   life insurance company has the meaning in subsection 4(1) of the Act.

   member means a member of the transferring body or a member of the receiving body, as the case may be.

   partial transfer has the meaning in subsection 4(1) of the Act.

   receiving body has the meaning in subsection 4(1) of the Act.

   Rules means these Transfer Rules 2017 – Voluntary Transfers.

   total transfer has the meaning in subsection 4(1) of the Act.

   transferring body has the meaning in subsection 4(1) of the Act.

   usual way of adoption has the meaning given in Rule 12 of these Rules.

   voluntary transfer has the meaning in subsection 8(1) of the Act.