Commonwealth Numbered Acts

FINANCIAL SECTOR REFORM (AMENDMENTS AND TRANSITIONAL PROVISIONS) ACT (NO. 1) 2000 NO. 24, 2000 - SCHEDULE 6

1 Section 16ZA

if the following requirements have been satisfied:

(a)

the assignment must be by memorandum of transfer in accordance with, or substantially in accordance with, the form set out in the relevant benefit fund rules;

(b)

the memorandum must be signed by the transferor and the transferee;

(c)

the transferor must give 2 copies of the signed memorandum to the friendly society concerned;

(d)

the assignment must be registered in a register of assignments kept by the friendly society concerned;

(e)

the date of registration must be inserted in the memorandum;

(f)

the memorandum must be signed by an officer of the friendly society concerned who is authorised to do so by the friendly society.