Financial Sector Legislation Amendment Act (No. 1) 2002 (37 of 2002)

Schedule 3   Amendment of the Financial Sector (Transfers of Business) Act 1999

2   At the end of section 12

Add:

(5) APRA does not have to consult with the Commissioner of Taxation in relation to the transfer of business if the Commissioner has notified APRA, in writing, that he or she does not wish to be consulted about:

(a) the transfer; or

(b) a class of transfers that includes the transfer.