Commonwealth Consolidated Acts

FINANCIAL SECTOR (TRANSFER AND RESTRUCTURE) ACT 1999 - SECT 36AE

  (1)   The regulations may provide in relation to any of the following matters:

  (a)   the payment to a holder of shares in the transferring body of a purchase price for those shares;

  (b)   the resolution of disputes involving a holder of shares in the transferring body (including the resolution of such disputes by the Federal Court);

  (c)   the publication of information relating to the compulsory transfer of shares, or proposed compulsory transfer of shares, by APRA, the transferring body and the receiving body;

  (d)   the freeing of shares in the transferring body from any trust, liability or other encumbrance when they become shares held by the receiving body;

  (e)   any matter incidental to:

  (i)   the compulsory transfer of shares, or proposed compulsory transfer of shares; or

  (ii)   any of the other matters mentioned in this subsection.

  (2)   The regulations may prescribe penalties, not exceeding 50 penalty units, for offences against the regulations.

  (3)   This section does not limit the regulations that may be made for the purposes of this Act.