Commonwealth Consolidated Acts

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FINANCIAL SECTOR (TRANSFER AND RESTRUCTURE) ACT 1999 - SECT 13

Adequate adoption

    For the purposes of paragraph   11(1)(b), the transfer of business has been adequately adopted by a body if:

  (a)   the transfer has been adopted by or on behalf of the body, or by or on behalf of the members or a class of the members of the body, in a way prescribed by the transfer rules; and

  (b)   APRA considers that adoption of the transfer in that way adequately takes into account the interests of members of the body.



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