Commonwealth Consolidated Acts

FINANCIAL SECTOR (TRANSFER AND RESTRUCTURE) ACT 1999

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Additional operation of Act  
   4.      Definitions  
   4A.     Related body corporate  
   4B.     Relevant group of bodies corporate  
   5.      Act binds the Crown  
   6.      External Territories  
   7.      Application of Criminal Code  
   7A.     Application of sections 8 and 8A of the APRA Act  

   PART 2--OVERVIEW--OF ACT

   8.      Overview of Act  

   PART 3--VOLUNTARY--TRANSFERS

           Division 1--Outline of Part

   9.      Outline of Part  

           Division 2--Approval of voluntary transfers

   10.     Application for approval of voluntary transfer  
   11.     Approval of applications  
   12.     Consultation about approving the application  
   13.     Adequate adoption  
   14.     Complementary State or Territory legislation  
   15.     Minister's power to decide that his or her consent is not required  
   16.     Approval may impose conditions  
   17.     Notice of decision  

           Division 3--Process by which voluntary transfers take effect

   18.     Certificate of transfer  
   19.     Partial transfer--statement of detail to be provided  
   20.     Agreements about matters connected with the transfer  
   21.     Notice of decision  
   22.     Time and effect of voluntary transfer  
   23.     Employment unaffected  

   PART 4--COMPULSORY--TRANSFERS

           Division 1--Outline of Part

   24.     Outline of Part  

           Division 2--Compulsory transfer determinations

   25.     Compulsory transfer of business determinations  
   25AA.   Compulsory transfer of shares determinations  
   25A.    Ministerial declaration that compulsory transfer should occur in relation to ADI  
   26.     Consultation about making the determination  
   27.     When consent of receiving body is in force  
   28.     Complementary State or Territory legislation  
   29.     Minister's power to decide that his or her consent is not required  
   30.     Agreements about matters connected with the transfer  
   31.     Determination may impose conditions  
   32.     Notice of determination  

           Division 3--Process by which compulsory transfers take effect

   33.     Certificate of transfer  
   34.     Notice of certificate  
   35.     Time and effect of compulsory transfer--transfer of business  
   35A.    Time and effect of compulsory transfer--transfer of shares  
   36.     Employment unaffected  

           Division 4--Effect of compulsory transfer on contracts

   36AA.   Compulsory transfer not ground for denial of obligations  
   36AB.   Partial transfer of netting contracts void  

           Division 5--Special provisions relating to compulsory transfers of shares

   36AC.   Application of Division  
   36AD.   Extended meaning of share  
   36AE.   Regulations may make special provision in relation to compulsory transfer of shares  

   PART 4A--RESTRUCTURES

           Division 1--Outline of Part

   36A.    Outline of Part  

           Division 2--Restructure approvals

   36B.    Restructure approvals--application  
   36C.    Restructure approvals--issued by Minister  
   36D.    Restructure approvals--consultation  
   36E.    Restructure approvals--conditions  
   36F.    Restructure approvals--notice of decision  

           Division 3--Restructure instruments

   36G.    What is a restructure instrument ?  
   36H.    Restructure instruments--coming into force  
   36J.    Restructure instruments--legal effect  
   36K.    Restructure instruments--amendment  

           Division 4--Internal transfer certificates

   36L.    What is an internal transfer certificate?  
   36M.    Internal transfer certificates--issue  
   36N.    Internal transfer certificates--notice of decision  
   36P.    Internal transfer certificates--amendment  
   36Q.    Internal transfer certificates--coming into force  
   36R.    Internal transfer certificates--legal effect  

           Division 5--Engagements of employees and contractors

   36S.    Employment and contracts for services unaffected  

   PART 5--EVIDENTIARY--CERTIFICATES

   37.     Certificates evidencing operation of Act etc.  
   38.     Certificates in relation to land and interests in land  
   39.     Certificates in relation to other assets  
   40.     Documents purporting to be certificates  

   PART 6--MISCELLANEOUS

   41.     Information gathering powers  
   42.     Compulsory transfer--APRA may provide information to receiving body  
   43.     Relationship of Act with other laws etc.  
   43A.    Transfers of Australian regulated business of foreign body  
   44.     Compensation for acquisition of property  
   45.     Review of decisions  
   46.     Transfer rules  
   47.     Regulations