Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


Winding up

             (1)  The Act in force in a State or Territory, before the commencement of the previous governing Code, that applied to the winding up of the transferring financial institution ( the relevant law ) continues to so apply, as a law of the Commonwealth, on and after the transfer date as if that Code, and the Act, had not been enacted.

             (2)  However, for this regulation, a reference in the relevant law to the Registrar is read as if it were a reference to ASIC.

             (3)  Information about the transferring financial institution given to ASIC in a notice mentioned in regulation 12.2.09, or under the relevant law, is taken to be information given to ASIC in relation to the performance of its functions or the exercise of its powers.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback