Financial Sector (Shareholdings) (Heritage Bank Limited) Instrument 2022 (Cth)

Financial Sector (Shareholdings) (Heritage Bank Limited) Instrument 2022

I, Jim Chalmers, Treasurer, make the following instrument.

Dated 20 September 2022

Dr Jim Chalmers Treasurer

Contents Part 1—Preliminary 1 Name 2 Commencement 3 Authority 4 Definitions Part 2—Approvals to exceed 20% shareholding limit 5 Approval of application for transfer of business Part 3—Related approvals for transfer of business 6 Consent to the voluntary transfer of business between ADIs 7 Consent to the restructuring of ADIs

Part 1—Preliminary

1 Name This instrument is the Financial Sector (Shareholdings) (Heritage Bank Limited) Instrument 2022.

2 Commencement (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. The whole of this instrument The day after this instrument is registered.

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument. (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3 Authority This instrument is made under the following: (a) Banking Act 1959; and (b) Financial Sector (Shareholdings) Act 1998; and (c) Financial Sector (Transfer and Restructure) Act 1999; and (d) Financial Sector (Transfer and Restructure) Regulations 2018.

4 Definitions Note: Paragraph 13(1)(b) of the Legislation Act 2003 has the effect that expressions have the same meaning in this instrument as in the Financial Sector (Shareholdings) Act 1998 as in force from time to time. In this instrument: ABN has the meaning given by the A New Tax System (Australian Business Number) Act 1999. ADI (authorised deposit‑taking institution) means a body corporate that is an ADI for the purposes of the Banking Act 1959. the Act means the Financial Sector (Shareholdings) Act 1998.