Financial Sector (Transfer and Restructure) Act 1999
View history note
Hide history noteThe regulations may provide in relation to any of the following matters:
(a) the payment to a holder of shares in the transferring body of a purchase price for those shares;
(b) the resolution of disputes involving a holder of shares in the transferring body (including the resolution of such disputes by the Federal Court);
(c) the publication of information relating to the compulsory transfer of shares, or proposed compulsory transfer of shares, by APRA, the transferring body and the receiving body;
(d) the freeing of shares in the transferring body from any trust, liability or other encumbrance when they become shares held by the receiving body;
(e) any matter incidental to:
(i) the compulsory transfer of shares, or proposed compulsory transfer of shares; or
(ii) any of the other matters mentioned in this subsection.
36AE(2)
The regulations may prescribe penalties, not exceeding 50 penalty units, for offences against the regulations.
36AE(3)
This section does not limit the regulations that may be made for the purposes of this Act.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
