Western Australian Current Acts Western Australian Current Acts
TABLE OF PROVISIONS
Preamble
PART 1 -- Preliminary
1. Short title
2. Commencement
3. Terms used
4. Crown bound
PART 2 -- Repeals and transitional provisions
Division 1 -- Repeals
5. Various Acts repealed
Division 2 -- Certain financial institutions to become companies
6. Transferring financial institutions to become companies
Division 3 -- Transfers of business of ADIs and life insurance companies
7. Interpretation: FS(TB) Act (Cwlth) definitions apply
8. Authorised APRA officer
9. Voluntary transfers
10. Compulsory transfers
11. Certificates evidencing operation of this Division
12. Interests in land of transferring bodies
13. Certificates in relation to assets other than land
14. Documents purporting to be certificates
15. Relationship of Division with instruments and other laws
Division 4 -- Provisions relating to uncompleted mergers and transfers of engagements
16. Mergers and transfers of engagements started under Financial Institutions (Western Australia) Code
17. Mergers and transfers of engagements started under Friendly Societies (Western Australia) Code
Division 5 -- Provisions relating to societies whose registration has been cancelled
18. Terms used
19. Application of this Division
20. Society’s property vested in ASIC
21. ASIC may act on behalf of society
22. Recovery from society’s insurer
23. Society may be established as a company
24. ASIC’s functions for this Division
Division 6 -- Provisions relating to AFIC
Subdivision 1 -- AFIC to continue to have certain powers
25. AFIC continues to have certain powers
26. Delegation by AFIC
Subdivision 2 -- Information may be given to APRA or ASIC
27. Information may be given
Subdivision 3 -- Transfer of AFIC’s assets and liabilities
28. Transfer of assets and liabilities
Subdivision 4 -- Proceedings involving AFIC
29. Civil proceedings continued and rights of action preserved
30. Certain criminal proceedings continued
Division 7 -- Provisions relating to WAFIA
Subdivision 1 -- WAFIA to continue to exist for certain purposes
31. WAFIA continues to exist for certain purposes
32. Contracts and agreements with WAFIA continue
33. WAFIA’s final report
34. Delegation by WAFIA
35. Dissolution of WAFIA
Subdivision 2 -- Provisions about WAFIA’s staff
36. Term used: employees
37. Staff to transfer to APRA under transfer agreement
38. Effect of WAFIA employee becoming employed by APRA or Australian Public Service
39. Statement of accrued benefits
Subdivision 3 -- Information may be given to APRA or ASIC
40. Information may be given
Subdivision 4 -- Transfer of WAFIA’s assets and liabilities
41. Transfer of assets and liabilities
Subdivision 5 -- Proceedings involving WAFIA
42. Civil proceedings continued and rights of action preserved
43. Certain criminal proceedings continued
Division 8 -- Provisions relating to statutory funds
44. Terms used
45. Statutory funds continued until abolished
46. Supervision Fund
47. Credit Unions Contingency Fund
Division 9 -- Conferral of functions on APRA and ASIC
Subdivision 1 -- General
48. Conferral of functions on APRA
49. Conferral of functions on ASIC
Subdivision 2 -- APRA’s and ASIC’s functions under Codes
50. Enforcement powers
51. AFIC Code provisions, continued application of
52. Financial Institutions Code provisions, continued application of
53. Friendly Societies Code provisions, continued application of
Division 10 -- Miscellaneous
54. Dormant accounts
55. Withdrawable shares in building societies
56. Australian Financial Institutions Appeals Tribunal
57. State taxes not chargeable
58. Regulations
[Reprinted under the Reprints Act 1984 as at 13 April 2012 An Act —• to repeal the —• Financial Institutions (Western Australia) Act 1992;• Financial Institutions (Taxing) Act 1992;• Western Australian Financial Institutions Authority Act 1992;• Friendly Societies (Western Australia) Act 1999; and• Friendly Societies (Taxing) Act 1999;• to enact transitional provisions; and• to amend various Acts 2 and repeal the Private Savings Bank Act 1924 3,in order to provide for the reform of the financial sector.]
Compilation table