Consent to sale or disposal of business of an ADI 2026 – Ford Co-operative Credit Society Limited

Administered by Department of the Treasury

Legislation au C2026G00094 In force Gazette

Legislation content

 

Consent to sale or disposal of business of an ADI 2026 – Ford Co-operative Credit Society Limited

 Banking Act 1959                                        

 

To: Ford Co-operative Credit Society Limited ABN 74 087 651 456 (the ADI) SINCE:

  1.             the ADI is an ADI that is not a foreign ADI;

 

  1.             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, Hume Bank Limited ABN 85 051 868 556, as described in the schedule (the arrangement or agreement); and

 

  1.             I have taken the national interest into account,

 

I, Declan Latimer, a delegate of the Treasurer, under subsection 63(1) of the Banking Act 1959

(the Act), CONSENT to the arrangement or agreement. Dated: 16 February 2026

 

 

Declan Latimer 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 2 of 2

Interactions

Authorises

All Versions

Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.