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Financial Sector (Transfer and Restructure) Act 1999
43ATransfers of Australian regulated business of foreign body
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#### 43A Transfers of Australian regulated business of foreign body
(1) This section applies to a transfer of business under Part 3 or 4 from a transferring body to another body if the transferring body is:
(a) a foreign ADI; or
(b) a foreign general insurer; or
(c) an eligible foreign life insurance company.
(2) For the purposes of the transfer of business, treat the Australian business assets and liabilities of the transferring body as the entire business of the transferring body.