- (1)
- This regulation applies to an application for registration as a society,
under section 115 of a Financial Institutions Code, if the application was:
- (a)
- made by a proposed society formed under section 114 of a Financial
Institutions Code; and
- (b)
- not determined before the transfer date.
- (2)
- This regulation also applies to an application for the registration of a
building society, under section 115B of a Financial Institutions Code, if
the application was not determined before the transfer date.
- (3)
- The application is to be treated, on and after the transfer
date, as if
it were an application for an authority under subsection 9 (2) of the
Banking Act 1959 .
- (4)
- APRA may, by notice in writing given to the applicant for registration,
request additional information to assist it in determining the application.
- (5)
- APRA is not required to determine the application before it receives the
information requested under subregulation (4).
Commonwealth Numbered Regulations