Consent to sale or disposal of business of an ADI
Banking Act 1959
To: Xinja Bank Limited ABN 99 618 937 054 (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, National Australia Bank Limited ABN 12 004 044 937, as described in the schedule (the arrangement or agreement); and
C. I have taken the national interest into account,
I, Therese McCarthy Hockey, a delegate of the Treasurer, under subsection 63(1) of the
Banking Act 1959 (the Act), CONSENT to the arrangement or agreement. Dated: 13 January 2021
[Signed]
Therese McCarthy Hockey Executive Director 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 partial transfer of business under the Financial Sector (Transfer and Restructure) Act 1999.