13
In forceAdequate adoption
Part 3Voluntary transfers
Division 2Approval of voluntary transfers
13 Adequate adoption
For the purposes of paragraph 11(1)(b), the transfer of business has been adequately adopted by a body if:
(a)
the transfer has been adopted by or on behalf of the body, or by or on behalf of the members or a class of the members of the body, in a way prescribed by the transfer rules; and
(b)
APRA considers that adoption of the transfer in that way adequately takes into account the interests of members of the body.
This Act’s bill:Explanatory memorandumSecond reading speech
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