Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:1_59
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 1 cl 59
Character Range: 41425–42047

59  At the end of section 11E
Add:
 (3) In this section:
asset has the same meaning as in the Financial Sector (Transfer and Restructure) Act 1999.
Australian business assets and liabilities, of a foreign ADI, means the following:
 (a) the assets and liabilities of the foreign ADI in Australia;
 (b) any other assets and liabilities of the foreign ADI that:
 (i) are related to its operations in Australia; and
 (ii) if regulations are made for the purposes of this subparagraph—are of a kind specified in those regulations.
liability has the same meaning as in the Financial Sector (Transfer and Restructure) Act 1999.