Financial Sector (Transfer and Restructure) Act 1999

PART 4A - RESTRUCTURES  

Division 4 - Internal transfer certificates  

SECTION 36N   INTERNAL TRANSFER CERTIFICATES - NOTICE OF DECISION  

36N(1)    
If APRA issues an internal transfer certificate, it must give a copy of the certificate to each of the following:

(a) the transferring body;

(b) the receiving body;

(c) the operating body (unless the operating body is the transferring body or the receiving body);

(d) the Minister.

36N(2)    
If APRA refuses to issue an internal transfer certificate applied for in the application for restructure approval, or decides to issue an internal transfer certificate in terms that are different from those applied for, it must give written notice to each person mentioned in subsection (1). The notice must include a statement of the reasons for the refusal, or for the decision.