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Financial Sector (Transfer and Restructure) Regulations 2018 and the Australian Prudential Regulation Authority Regulations 2018

The Financial Sector (Transfers of Business) Regulations 1999 and Australian Prudential Regulation Authority Regulations 1998 are due to sunset on 1 April 2019. To ensure the ongoing operation of these regulations, the proposed Financial Sector (Transfer and Restructure) Regulations 2018 and the Australian Prudential Regulation Authority Regulations 2018 would remake the existing regulations with minimal changes.

The proposed Regulations have been updated to align with current drafting practices and improve the operation of the Regulations. These changes do not change the substantive meaning or operation of the provisions.

Further details on the draft Regulations are contained in the Explanatory Statements. The community’s views are sought on the draft Regulations.

Responding

You can submit responses to this consultation up until 23 October 2018.

Interested parties are invited to comment on this consultation.

While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.

Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

How to respond

Post

Address written submissions to:

Banking and Capital Markets Unit
Treasury
Langton Cres
Parkes ACT 2600