Financial Corporations (Transfer of Assets and Liabilities) Act 1993 | Finance Knowledge Graph

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Financial Corporations (Transfer of Assets and Liabilities) Act 1993

Submitted by Richard_Li on Fri, 02/17/2023 - 00:42

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Financial Corporations (Transfer of Assets and Liabilities) Act 1993

Distinguished Terms in this instrument

Term(s)	Definition	Defined in Legislation	See Section(s)
ADI	is short for authorised deposittaking institution.	Banking Act 1959	Banking Act 1959 - 5 Interpretation
eligible local ADI	means a local ADI that was granted its ADI authority on or before 18 June 1993.	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation
eligible money market corporation	has the meaning given by section 4.	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 4 Eligible money market corporation
financial corporation	means a within the meaning of paragraph 51(xx) of the Constitution.	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation
foreign corporation	means a within the meaning of paragraph 51(xx) of the Constitution.	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation
interest	, in relation to land, includes: (a) a legal or equitable estate or interest in the land; or (b) a right, power or privilege over, or in relation to, the land.	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation
liability	includes a duty or obligation of any kind (whether arising under an instrument or otherwise, and whether actual, contingent or prospective).	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation
local ADI	means an ADI that is incorporated under a law of the Commonwealth, a State or a Territory relating to companies.	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation
newly established local ADI	means a local ADI that: (a) was granted its ADI authority before this Act commenced but after 18 June 1993; or	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation
receiving corporation	has the meaning given by section 5.	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 5 Transferring and receiving corporations
subsidiary	, in relation to a body corporate, means a body corporate that is a of the first‑mentioned body by virtue of Division 6.	Corporations Act 2001	Corporations Act 2001 - 9 Returns to shareholders Corporations Act 2001 - 9 Returns to shareholders
transfer	, in relation to an asset or liability, means an act as a result of which the asset or liability: (a) ceases to be vested in a person; and (b) becomes vested in another person.	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation
transferring corporation	has the meaning given by section 5.	Financial Corporations (Transfer of Assets and Liabilities) Act 1993	Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 3 Interpretation Financial Corporations (Transfer of Assets and Liabilities) Act 1993 - 5 Transferring and receiving corporations

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