Corporations and Other Legislation Amendment (Trustee Companies and Other Measures) Act 2011 (24 of 2011)

Schedule 1   Trustee companies

Corporations Act 2001

19   Before paragraph 601WBA(2)(a)

Insert:

(aa) for a compulsory transfer determination - the receiving company is a licensed trustee company or the Public Trustee of a State or Territory; and

(ab) for a voluntary transfer determination:

(i) the transferring company is a licensed trustee company or a company that was previously authorised as a trustee company under a law of a State or Territory; and

(ii) the receiving company is a licensed trustee company; and