Financial Sector (Transfer and Restructure) Act 1999

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

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Distinguished Terms in this instrument

Term(s)	Definition	Defined in Legislation	See Section(s)
ADI	is short for authorised deposit ‐ taking institution.	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
approved netting arrangement	means a netting arrangement approved under section 12.	Payment Systems and Netting Act 1998	Payment Systems and Netting Act 1998 - 5 Definitions Payment Systems and Netting Act 1998 - 12 Reserve Bank may approve netting arrangement
approved section20 statement	means a statement given to APRA under subsection 20(1) in relation to which an approval under subsection 20(2) is in force.	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 20 Agreements about matters connected with the transfer Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions
approved section30 statement	means a statement given to APRA under subsection 30(1) in relation to which an approval under subsection 30(2) is in force.	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions Financial Sector (Transfer and Restructure) Act 1999 - 30 Agreements about matters connected with the transfer
APRA	means the Australian Prudential Regulation Authority.	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions
APRA member	means a member of APRA, including the Chair and each Deputy Chair .	Australian Prudential Regulation Authority Act 1998	Australian Prudential Regulation Authority Act 1998 - 3 Definitions
APRA staff member	means any of the following:	Australian Prudential Regulation Authority Act 1998	Australian Prudential Regulation Authority Act 1998 - 3 Definitions Australian Prudential Regulation Authority Act 1998 - 45 Appointment of permanent, temporary and casual staff Australian Prudential Regulation Authority Act 1998 - 47 Consultants and other people engaged to perform services
asset	means property, or a right, of any kind, and includes:	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions
Australian business assets and liabilities	, of a body corporate that is a foreign ADI, a foreign general insurer or an eligible foreign life insurance company, means the following:	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions
authorised APRA officer	, when used in a particular provision of this Act, means a person authorised under subsection ( 2) to perform or exercise the functions or powers of an authorised APRA officer under that provision.	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions Financial Sector (Transfer and Restructure) Act 1999 - 2 Commencement
business	in relation to a body, includes the assets and liabilities of the body.	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions
certificate of transfer	:	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions Financial Sector (Transfer and Restructure) Act 1999 - 18 Certificate of transfer
close‐out netting contract	means:	Payment Systems and Netting Act 1998	Payment Systems and Netting Act 1998 - 5 Definitions Payment Systems and Netting Act 1998 - 15 Declaration that section 14 does not apply
compulsory transfer determination	means a determination made under section 25.	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions Financial Sector (Transfer and Restructure) Act 1999 - 25 Compulsory transfer of business determinations
compulsory transfer of business determination	means a determination under section 25.	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 25 Compulsory transfer of business determinations Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions
compulsory transfer of shares determination	means a determination under section 25AA.	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions Financial Sector (Transfer and Restructure) Act 1999 - 25AA Compulsory transfer of shares determinations
foreign ADI	means a body corporate that:	Banking Act 1959	Banking Act 1959 - 5 Civil evidence and procedure rules for pecuniary penalty orders
foreign general insurer	means a body corporate that:	Insurance Act 1973	Insurance Act 1973 - 3 Persons involved in contravening civil penalty provision
general insurer	has the meaning given by section 11.	Insurance Act 1973	Insurance Act 1973 - 3 Persons involved in contravening civil penalty provision Insurance Act 1973 - 11 Meaning of general insurer
holding company	, of a body corporate, means another body corporate of which the first body corporate is a subsidiary.	Financial Sector (Transfer and Restructure) Act 1999	Financial Sector (Transfer and Restructure) Act 1999 - 4 Definitions