Commonwealth Consolidated Acts

FINANCIAL CORPORATIONS (TRANSFER OF ASSETS AND LIABILITIES) ACT 1993 - SECT 5

    If a financial corporation is proposing to transfer, or transfers, an asset or liability to another financial corporation, then, for the purposes of this Act;

  (a)   the first - mentioned corporation is the transferring corporation ; and

  (b)   the other corporation is the receiving corporation ;

in relation to the transfer.