What is the Metway scheme of arrangement
6 What is the Metway scheme of arrangement
The Metway scheme of arrangement is the scheme or schemes of arrangement under the Corporations Law, part 5.1—
between 1 or more SFIs and their members; and
if a regulation declares another entity (a scheme entity) to be an entity for the Metway scheme of arrangement—between the scheme entity and its members;
under which 1 or both of the following happen—
all, or substantially all, of the assets and liabilities of 1 or more SFIs, and the scheme entity (if any), are transferred to Metway;
1 or more SFIs, and the scheme entity (if any), become wholly-owned subsidiaries of Metway.
Subsection (1) does not, by implication, limit the matters that may be included in the Metway scheme of arrangement.
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