Financial Sector Reform (Queensland) Bill 1999 (Qld)

Queensland

FINANCIAL SECTOR REFORM (QUEENSLAND) BILL 1999

FINANCIAL SECTOR REFORM (QUEENSLAND) BILL 1999

TABLE OF PROVISIONS

Section Page

BW NY ist1315 PART 1—PRELIMINARY

Short title 20.6... 8 Commencement ....... 6... eee eee nee 8 Definitions 2.0.0... 0. cece eet aees 8 Act binds all persons... 0.06... 9 PART 2—REGISTRATION OF CERTAIN ENTITIES AS COMPANIES Transferring financial institutions .......... 0.0.0 c cece 9 PART 3—CONFERRAL OF FUNCTIONS AND POWERS ON APRA AND ASIC Conferral of functions and powers on APRA .... 2.2.2.2... 0000 e eee 10 Conferral of functions and powers on ASIC .... 6.60... e ee eee eee 10

PART 4—AUTHORISED DEPOSIT-TAKING INSTITUTIONS AND LIFE INSURANCE COMPANIES—TRANSFER OF

BUSINESS Words defined in FS(TB) Act ......... 0.0.0. eee eee 10 Authorised APRA officer... 0.0.0... 11 Voluntary transfers... 2.2... eee ee 11 Compulsory transfers ....... 00... eee ee 12 Certificates evidencing operation of pt4............... 00 eee ee eee 13 Certificates about land and interests in land..............0......0... 13 Certificates about other assets ........ 0.0.0. cece 14 Documents purporting to be certificates ..........0....0.0 00.02 14

Relationship of pt 4 with other laws... 2.0.0.0... 50000 c cece eee eee 15 Financial Sector Reform (Queensland) 19212430 323437

PART 5—REPEALS AND TRANSITIONAL Division 1—Repeals Repeals . 0... ee eee eee Division 2—Provisions relating to AFIC Subdivision 1—AFIC to continue

Continuation of AFIC for certain purposes ..................0000000. Contracts and agreements with AFIC continue..................0..0. AFIC's final report and financial statements...............0...00.00. Delegation of AFIC's powers ......... 0... Dissolution of AFIC .. 2.0... eee eee ee

Subdivision 2—Provisions about AFIC's staff Definition for sdiv2..... 0.0.00. 2 ee eee ee Transfer of staff to APRA under transfer agreement...................