Consent to sale or disposal of business of an ADI 2022 – South-West Credit Union Co- Operative Limited

Banking Act 1959

To: South-West Credit Union Co-Operative Limited ABN 44 087 651 705 (the ADI) SINCE:

1. 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, Beyond Bank Australia Limited ABN 15 087 651 143, as described in the schedule (the arrangement or agreement); and

C.            I have taken the national interest into account,

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

(the Act), CONSENT to the arrangement or agreement. Dated: 25 February 2022

Paul Veerhuis General Manager Banking Division

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 full transfer of business under the Financial Sector (Transfer and Restructure) Act 1999.

Page 2 of 2