Corporations Act 2001

SCHEDULE 4 - TRANSFER OF FINANCIAL INSTITUTIONS AND FRIENDLY SOCIETIES

Note: See section 1465A .

[ CCH Note: The reference to " section 1465A " is a reference to the former Corporations Law.]

PART 2 - FINANCIAL INSTITUTIONS THAT BECAME COMPANIES

Division 1 - Registration and its consequences

[ CCH Note: The next clause is cl 3.]

CLAUSE 3 - BACKGROUND (REGISTRATION OF TRANSFERRING FINANCIAL INSTITUTION AS COMPANY)

3(1)
On the transfer date, each transferring financial institution of a State or Territory was taken to be registered as a company under the Corporations Law of the State or Territory under the name under which the institution was registered under the previous governing Code immediately before the transfer date.

3(2)
Subclause 3(2) of the transfer provisions governed the kind of company the transferring financial institution was registered as.

3(3)
Under clause 7 of the transfer provisions, ASIC:

(a) gave the company an ACN; and

(b) kept a record of the company ' s registration; and

(c) issued a certificate to the company that stated:

(i) the company ' s name; and

(ii) the company ' s ACN; and

(iii) the company ' s type; and

(iv) that the company is registered as a company under the Corporations Law of the State or Territory.

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