On 25 September, exposure draft regulations were issued to replace regulations that are soon to expire.

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

The exposure drafts of the regulations and the explanatory statements are available on the Treasury website.  Consultation on the draft regulations close on 23 October.