Commonwealth Consolidated Acts

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FINANCIAL SECTOR (TRANSFER AND RESTRUCTURE) ACT 1999 - SECT 37

Certificates evidencing operation of Act etc.

  (1)   An authorised APRA officer may, by signed writing, make a certificate certifying any matter in relation to the operation or effect of this Act and, in particular, may certify that:

  (a)   a specified matter or thing relevant to a receiving body is an aspect of the operation or effect of this Act; or

  (b)   a specified thing was done for a purpose connected with, or arising out of, the operation or effect of this Act in relation to that receiving body; or

  (c)   in the case of a transfer of business--a specified asset of the transferring body has become a transferred asset of that receiving body; or

  (d)   in the case of a transfer of business--a specified liability of the transferring body has become a transferred liability of the receiving body; or

  (e)   in the case of a transfer of shares--a specified share in the transferring body has become a share held by that receiving body.

  (2)   For all purposes and in all proceedings, a certificate under subsection   (1) is conclusive evidence of the matters certified, except to the extent that the contrary is established.



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