New South Wales Consolidated Acts

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FINANCIAL SECTOR REFORM (NEW SOUTH WALES) ACT 1999


- As at 27 November 2003 
- Act 1 of 1999 

TABLE OF PROVISIONS

           Long Title

   PART 1 - PRELIMINARY

   1.      Name of Act and purposes
   2.      Commencement
   3.      Definitions
   4.      Act to bind Crown

   PART 2 - REGISTRATION OF CERTAIN ENTITIES AS COMPANIES

   5.      Transferring financial institutions

   PART 3 - CONFERRAL OF FUNCTIONS AND POWERS ON APRA AND ASIC

   6.      Conferral of functions and powers on APRA
   7.      Conferral of functions and powers on ASIC

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

   8.      Words defined in FS(TB) Act
   9.      Authorised APRA officer
   10.     Voluntary transfers
   11.     Compulsory transfers
   12.     Certificates evidencing operation of Part
   13.     Certificates in relation to land and interests in land
   14.     Certificates in relation to other assets
   15.     Documents purporting to be certificates
   16.     Relationship of Part with other instruments

   PART 5 - REPEALS AND TRANSITIONAL PROVISIONS

           Division 1 - Repeals

   17.     Repeals

           Division 2 - Provisions relating to AFIC

              Subdivision 1 - AFIC to continue

   18.     AFIC continues to have certain powers
   19.     Delegation of AFIC's powers

              Subdivision 2 - Provisions about AFIC's staff

   20.     Definition
   21.     Transfer of staff to APRA under transfer agreement
   22.     Effect of transfer to APRA or Australian Public Service
   23.     Statement of accrued benefits and other details

              Subdivision 3 - Information may be given to APRA or ASIC

   24.     Giving of information

              Subdivision 4 - Transfer of AFIC's assets and liabilities

   25.     Transfer of assets and liabilities

              Subdivision 5 - Proceedings involving AFIC

   26.     Continuation and preservation of certain civil proceedings involving AFIC
   27.     Continuation of certain offence proceedings

           Division 3 - Provisions relating to FINCOM

              Subdivision 1 - Dissolution of FINCOM

   28.     Dissolution of FINCOM

              Subdivision 2 - General

   29.     Supervision Fund
   30.     Credit Unions Contingency Fund
   31.     Transitional arrangements regarding final report and audit of FINCOM

              Subdivision 3 - Provisions about FINCOM's staff

   32.     Transfer of staff to APRA under transfer agreement
   33.     Effect of transfer to APRA or Australian Public Service
   34.     Statement of accrued benefits and other details

              Subdivision 4 - Information may be given to APRA or ASIC

   35.     Giving of information

              Subdivision 5 - Transfer of FINCOM's assets and liabilities

   36.     Transfer of assets and liabilities

              Subdivision 6 - Proceedings involving FINCOM

   37.     Continuation and preservation of civil proceedings involving FINCOM
   38.     Continuation of certain offence proceedings

           Division 4 - APRA's and ASIC's functions and powers under Codes

   39.     Conferral of functions and powers relating to building societies, credit unions and friendly societies
   40.     AFIC Code provisions
   41.     Financial Institutions Code provisions
   42.     Financial Institutions Code provisions as applied under section 40 of AFIC Code
   43.     Friendly Societies Code provisions
   44.     Conferral of functions and powers

           Division 5 - Miscellaneous

   45.     Dormant accounts
   46.     Withdrawable shares in building societies
   47.     Matters in relation to dissolved or deregistered societies
   48.     Mergers and transfers of engagements commenced under Financial Institutions (NSW) Code
   49.     Mergers and transfers of engagements commenced under Friendly Societies (NSW) Code
   50.     Australian Financial Institutions Appeals Tribunal

           Division 6 - State taxes

   51.     Exemption from State taxes

           Division 7 - References to building societies, credit unions and friendly societies

   52.     Building societies and credit unions
   53.     Friendly societies

           Division 8 - Savings or transitional regulations

   54.      Savings or transitional regulations

   PART 6 - AMENDMENTS

   55.     (Repealed)

   PART 7 - MISCELLANEOUS

   56.     Delegation
   57.     Regulations
           Schedule 2 (Repealed)


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