Northern Territory Consolidated Acts

FINANCIAL SECTOR REFORM (NORTHERN TERRITORY) ACT 1999

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Purpose  
   3.      Commencement  
   4.      Definitions  
   5.      Crown is bound  
   6.      Repeals  

   PART 2--REGISTRATION OF CERTAIN ENTITIES AS COMPANIES

   7.      Transferring financial institutions  

   PART 3--ADIS 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 4--CONFERRAL OF FUNCTIONS AND POWERS O APRA AND ASIC

   17.     Conferral of functions and powers on APRA  
   18.     Conferral of functions and powers on ASIC  

   PART 5--PROVISIONS RELATING TO AFIC

           Division 1--AFIC to continue

   19.     Continuation of AFIC for certain purposes  
   20.     Delegation of AFIC's powers  

           Division 2--Provisions about AFIC's staff

   21.     Definition  
   22.     Transfer of staff to APRA under transfer agreement  
   23.     Effect of transfer under section 22 or of employees of AFIC becoming appointed to the Australian Public Service  
   24.     Statement of accrued benefits etc.  

           Division 3--Information may be given to APRA or ASIC

   25.     Giving of information  

           Division 4--Transfer of AFIC's assets and liabilities

   26.     Transfer of assets and liabilities  

           Division 5--Proceedings involving AFIC

   27.     Continuation and preservation of certain civil proceedings involving AFIC  
   28.     Continuation of certain offence proceedings  

   PART 6--PROVISIONS RELATING TO TSA

           Division 1--TSA to continue

   29.     Continuation of TSA for certain purposes  
   30.     Contracts and agreements with TSA continue  
   31.     Dissolution of TSA  

           Division 2--Information may be given to APRA and ASIC

   32.     Giving of information  

           Division 3--Proceedings involving TSA

   33.     Continuation and preservation of civil proceedings involving TSA  
   34.     Continuation of certain offence proceedings  

           Division 4--Winding up of certain funds

   35.     Supervision Fund  
   36.     Credit Unions Contingency Fund  

   PART 7--ENFORCEMENT BY APRA AND ASIC OF REPEALED CODES

   37.     Conferral of functions and powers relating to financial institutions and friendly societies  
   38.     AFIC Code provisions  
   39.     Financial Institutions Code provisions  
   40.     Friendly Societies Code provisions  
   41.     Conferral of functions and powers  

   PART 8--OTHER TRANSITIONAL

   42.     Dormant accounts  
   43.     Withdrawable shares in building societies  
   44.     Mergers and transfers of engagements commenced under Financial Institutions (NT) Code  
   45.     Mergers and transfers of engagements commenced under Friendly Societies (NT) Code  
   46.     Australian Financial Institutions Appeals Tribunal  

   PART 9--MISCELLANEOUS

   47.     Building societies and credit unions  
   48.     Friendly societies  
   49.     Exemption from taxes  
   50.     Regulations  
           ENDNOTES