Consent to sale or disposal of business of an ADI 2024 – Lithuanian Co-operative Credit Society “Talka” Limited
Banking Act 1959
To: Lithuanian Co-operative Credit Society “Talka” Limited ABN 97 087 651 554 (the ADI) SINCE:
- the ADI is an ADI that is not a foreign ADI;
B. the ADI proposes to enter into an arrangement or agreement for the sale or disposal of its business (by amalgamation or otherwise) to another ADI, Bank Australia Limited ABN 21 087 651 607, as described in the schedule (the arrangement or agreement); and
C. I have taken the national interest into account,
I, Stephanie Hewitt, a delegate of the Treasurer, under subsection 63(1) of the Banking Act 1959 (the Act), CONSENT to the arrangement or agreement.
Dated: 22 February 2024
Stephanie Hewitt General Manager Banking Division APRA
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority. ADI has the meaning given in subsection 5(1) of the Act. foreign ADI has the meaning given in subsection 5(1) of the Act.
Notes
The Treasurer, or the Treasurer’s delegate, is required to publish this instrument in the Gazette.
Schedule – arrangement or agreement
An arrangement for a voluntary total transfer of business under the Financial Sector (Transfer and Restructure) Act 1999.
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