Commonwealth Consolidated Acts

FINANCIAL SECTOR (TRANSFER AND RESTRUCTURE) ACT 1999 - SECT 19

    If the transfer is a partial transfer, before APRA issues a certificate of transfer in relation to the transfer, APRA must be provided with a written statement:

  (a)   that lists, in detail, the assets and liabilities of the transferring body that are to be transferred to the receiving body; and

  (b)   that APRA is satisfied has been agreed to by the transferring body and the receiving body.