Consent to sale or disposal of business of an ADI 2024 - Unity Bank Limited
Banking Act 1959
To: Unity Bank Limited ABN 11 087 650 315 (the ADI) SINCE:
- the ADI is an ADI that is not a foreign ADI;
- 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, G&C Mutual Bank Limited ABN 72 087 650 637, as described in the schedule (the arrangement or agreement); and
- 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.
Stephanie Hewitt
General Manager
General Insurance and Banking Division
APRA
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority.
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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