Victorian Current Acts

FINANCIAL SECTOR REFORM (VICTORIA) ACT 1999

TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Purpose  
   2.      Commencement  
   3.      Definitions  
   4.      Crown is bound  

   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(BTGR) Act  
   9.      Authorised APRA officer  
   10.     Voluntary transfers  
   11.     Compulsory transfers  
   12.     Certificates evidencing operation of Part  
   13.     Interests in land  
   14.     Certificates in relation to other assets  
   15.     Documents purporting to be certificates  
   16.     Relationship of Part with other laws  

   PART 5--INDUSTRY SUPERVISION FUND

   17.     Industry Supervision Fund  
   18.     Financial statements of Industry Supervision Fund  

   PART 6--REPEALS AND TRANSITIONAL

           Division 1--Repeals

   19.     Repeals on transfer date  
   20.     Repeal of remaining provisions  

           Division 2--Provisions relating to AFIC

   21.     Continuation of AFIC for certain purposes  
   22.     Delegation of AFIC's powers  
   23.     Definition  
   24.     Transfer of staff to APRA under transfer agreement  
   25.     Effect of transfer under section 24 or of employees of AFIC becoming appointed to the Australian Public Service  
   26.     Statement of accrued benefits etc.  
   27.     Giving of information  
   28.     Transfer of assets and liabilities  
   29.     Continuation and preservation of certain civil proceedings involving AFIC  
   30.     Continuation of certain offence proceedings  

           Division 3--Provisions relating to VicFIC

   31.     Supervision Fund  
   32.     Credit Unions Contingency Fund  
   33.     Audit of funds  
   34.     Transfer of staff to APRA under transfer agreement  
   35.     Effect of transfer to APRA or APS  
   36.     Statement of accrued benefits etc  
   37.     Giving of information  
   38.     Transfer of assets and liabilities  
   39.     Transfer of assets and liabilities relating to co-operative housing societies  
   40.     Continuation and preservation of civil proceedings involving VicFIC  
   41.     Continuation of certain offence proceedings  

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

   42.     Conferral of functions and powers relating to financial institutions and friendly societies  
   43.     AFIC Code provisions  
   44.     Financial Institutions Code provisions  
   45.     Friendly Societies Code provisions  
   46.     Conferral of functions and powers  

           Division 5--Miscellaneous

   47.     Dormant accounts  
   48.     Withdrawable shares in building societies  
   49.     Matters in relation to dissolved or deregistered societies  
   50.     Mergers and transfers of engagements commenced under Financial Institutions (Victoria) Code  
   51.     Mergers and transfers of engagements commenced under Friendly Societies (Victoria) Code  
   52.     Australian Financial Institutions Appeals Tribunal  
   53.     Funds of Committees  

           Division 6--State taxes

   54.     Exemption from State taxes  

           Division 7--References to financial institutions and friendly societies

   55.     Building societies and credit unions  
   56.     Friendly societies  

           Division 8--Regulations

   57.     Regulations  
           ENDNOTES