THE CORPORATIONS LAW

SCHEDULES

SCHEDULE 4

TRANSFER OF FINANCIAL INSTITUTIONS AND FRIENDLY SOCIETIES

Note:

See section 1465A.

PART 2 - TRANSFER TO CORPORATIONS LAW REGISTRATION

Division 1 - The transfer process

Documents to be lodged with ASIC by SSA  

4(1) 

The SSA for a transferring financial institution of this jurisdiction must lodge with ASIC:

(a)  a notice that sets out:

(i) the institution's name; and

(ii) the address of the institution's registered office;

under the previous governing Code immediately before the transfer date; and

(b)  a copy of the institution's rules as in force immediately before the transfer date; and

(c)  a copy of any entry in its register of charges kept under section 265 of this Law (as applied by the previous governing Code) that relates to the institution; and

(d)  any document lodged under section 263 or 264 of this Law (as applied by the previous governing Code) that relates to:

(i) the institution; and

(ii) a charge that is in force immediately before the transfer date.

4(2) 

If the transferring financial institution is under external administration immediately before the transfer date, the notice referred to in paragraph (1)(a) must also set out:

(a)  the type of external administration; and

(b)  any other prescribed details.