Queensland Consolidated Acts

FINANCIAL SECTOR REFORM (QUEENSLAND) ACT 1999

- As at 13 July 2018 
- Act 27 of 1999 

TABLE OF PROVISIONS

           Long Title

   PART 1 - PRELIMINARY

   1.      Short title
   2.      Commencement
   3.      Definitions
   4.      Act binds all persons

   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(TB) Act
   9.      Authorised APRA officer
   10.     Voluntary transfers
   11.     Compulsory transfers
   12.     Certificates evidencing operation of pt 4
   13.     Certificates about land and interests in land
   14.     Certificates about other assets
   15.     Documents purporting to be certificates
   16.     Relationship of pt 4 with other laws

   PART 5 - REPEALS AND TRANSITIONAL

           Division 1 - Repeals

   17.     Repeals

           Division 2 - Provisions relating to AFIC

              Subdivision 1 - AFIC to continue

   18.     Continuation of AFIC for certain purposes
   19.     Contracts and agreements with AFIC continue
   20.     AFIC’s final report and financial statements
   21.     Delegation of AFIC’s powers
   22.     Dissolution of AFIC

              Subdivision 2 - Provisions about AFIC’s staff

   23.     Definition for sdiv 2
   24.     Transfer of staff to APRA under transfer agreement
   25.     Effect of transfer under s 24 or of employees of AFIC becoming appointed to the Australian Public Service
   26.     Statement of accrued benefits etc.

              Subdivision 3 - Information may be given to APRA or ASIC

   27.     Giving of information

              Subdivision 4 - Transfer of AFIC’s assets and liabilities

   28.     Transfer of assets and liabilities

              Subdivision 5 - Proceedings involving AFIC

   29.     Continuation and preservation of civil proceedings involving AFIC
   30.     Continuation of offence proceedings

           Division 3 - Provisions relating to QOFS

              Subdivision 1 - QOFS to continue

   31.     Continuation of QOFS for certain purposes
   32.     Contracts and agreements with QOFS continue
   33.     QOFS’s final report and financial statements
   34.     Delegation of QOFS’s powers
   35.     Dissolution of QOFS

              Subdivision 2 - Provisions about particular funds

   36.     Continuation and abolition of particular funds
   37.     Payment of amount in Building Societies Fund to consolidated fund
   38.     Payments out of Credit Unions Contingency Fund
   39.     Payments out of and into Supervision Fund
   40.     Payment of amount in Supervision Fund to consolidated fund
   41.     Financial statements for Credit Unions Contingency Fund and Building Societies Fund
   42.     Auditor-general to report on funds
   43.     QOFS must report to Minister on Building Societies Fund

              Subdivision 3 - Provisions about QOFS’s staff

   44.     Definition for sdiv 3
   45.     Transfer of staff to APRA under transfer agreement
   46.     Effect of transfer under s 45 or of employees of QOFS becoming appointed to the Australian Public Service
   47.     Statement of accrued benefits etc.

              Subdivision 4 - Information may be given to APRA or ASIC

   48.     Giving of information

              Subdivision 5 - Transfer of QOFS’s assets and liabilities

   49.     Transfer of assets and liabilities

              Subdivision 6 - Proceedings involving QOFS

   50.     Continuation and preservation of civil proceedings involving QOFS
   51.     Continuation of offence proceedings

           Division 4 - APRA’s and ASIC’s functions and powers under codes

   52.     Conferral of functions and powers relating to financial institutions and friendly societies
   53.     AFIC Code provisions
   54.     Financial Institutions Code provisions
   55.     Provisions for Financial Institutions Code as applied under s 40 of AFIC Code
   56.     Friendly Societies Code provisions
   57.     Only appropriately qualified person may be authorised etc.
   58.     Conferral of functions and powers

           Division 5 - Chief executive’s functions and powers for Friendly Societies Act 1991

   59.     Definition
   60.     Conferral of functions and powers relating to matters under repealed Act
   61.     Application of certain provisions of repealed Act
   62.     Continuation of certain offence proceedings
   63.     Delegation of powers

           Division 6 - Matters relating to deregistered societies

   64.     Definition for div 6
   65.     Application of div 6
   66.     Society’s property vested in ASIC under s 49
   67.     ASIC may act for society
   68.     Recovery from society’s insurer
   69.     Conferral of functions and powers

           Division 7 - Miscellaneous

   70.     Dormant accounts
   71.     Mergers and transfers of engagements started under Financial Institutions (Queensland) Code
   72.     Mergers and transfers of engagements started under Friendly Societies (Queensland) Code
   73.     Australian Financial Institutions Appeals Tribunal

   PART 6 - MISCELLANEOUS

   74.     Regulation-making power
   75.     Attachment—words defined in other legislation referred to in this Act
           SCHEDULE 2