Financial Sector (Transfer and Restructure) Act 1999
PART 3
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VOLUNTARY TRANSFERS
Division 2
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Approval of voluntary transfers
SECTION 13
13
ADEQUATE ADOPTION
For the purposes of paragraph 11(1)(b) , the transfer of business has been adequately adopted by a body if:
(a) the transfer has been adopted by or on behalf of the body, or by or on behalf of the members or a class of the members of the body, in a way prescribed by the transfer rules; and
(b) APRA considers that adoption of the transfer in that way adequately takes into account the interests of members of the body.
For the purposes of paragraph 11(1)(b) , the transfer of business has been adequately adopted by a body if:
(a) the transfer has been adopted by or on behalf of the body, or by or on behalf of the members or a class of the members of the body, in a way prescribed by the transfer rules; and
(b) APRA considers that adoption of the transfer in that way adequately takes into account the interests of members of the body.
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