South Australian Current Acts

SGIC (SALE) ACT 1995

TABLE OF PROVISIONS

           Long Title

   PART 1--Preliminary

   1.      Short title
   3.      Interpretation
   4.      Date of divestiture
   5.      SGIC subsidiaries
   6.      Territorial operation of Act

   PART 2--Newco

   7.      Provision of capital to Newco

   PART 3--Transfer and sale of assets and liabilities

   8.      Transfer of assets and liabilities to Newco and Newco subsidiaries
   9.      Re-transfer of assets or liabilities
   10.     Conditions of transfer (or re-transfer)
   11.     Supplementary provisions
   12.     Legal proceedings
   13.     Evidence
   14.     Transfer of shares in Newco or a Newco subsidiary
   15.     Application of proceeds of sale etc

   PART 4--Staff

   16.     Transfer of staff

   PART 5--Government guarantee

   17.     General guarantee
   18.     Government guarantee (Part A policies--general insurance)
   19.     Government guarantee (Part B policies--term life and other insurance)
   20.     Government guarantee (Part C policies--continuous insurance)
   21.     Government guarantee (Part D policies--investment contracts--deposits)
   22.     Government guarantee (Part E policies--unit investment contracts)
   23.     Amortisation principle
   24.     Appropriation of Consolidated Account
   25.     Subrogation
   26.     Agreement that this Part will not apply
   27.     Restrictions on the application of this Part
   28.     Government guarantee under the State Government Insurance Commission Act 1992
   29.     Schedule 5 proclamation

   PART 6--Miscellaneous

   30.     Transfer of assets and liabilities to other authorities
   31.     Payment to be made to Consolidated Account
   32.     Registering authorities to note transfer
   33.     Stamp duty
   34.     Act overrides other laws
   35.     Effect of things done or allowed under Act
   36.     Regulations and proclamations
           SCHEDULE 2--SGIC subsidiaries
           SCHEDULE 3--Superannuation
           SCHEDULE 5--Policies subject to Government guarantee and referred to in Part 5
           Legislative history