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Home/Legislation/Financial Sector (Transfer and Restructure) Act 1999/13

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Financial Sector (Transfer and Restructure) Act 1999

13Adequate adoption

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#### 13 Adequate adoption For the purposes of paragraph 11(1)(b), the transfer of business has been adequately adopted by a body if: (a) the transfer has been adopted by or on behalf of the body, or by or on behalf of the members or a class of the members of the body, in a way prescribed by the transfer rules; and (b) APRA considers that adoption of the transfer in that way adequately takes into account the interests of members of the body.

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Section 13 - Financial Sector (Transfer and Restructure) Act 1999 - Adequate adoption — Zoe