The Commercial Banking Company of Sydney Limited (Merger) Act 1982 (NSW)

The Commercial Banking Company of Sydney Limited (Merger) Act 1982 No 32

An Act to make provision for the transfer to The National Bank of Australasia Limited of the undertaking of The Commercial Banking Company of Sydney Limited, and for the transfer to The National Bank Savings Bank Limited of the undertaking of C.B.C. Savings Bank Limited; and for other purposes. WHEREAS: (1) The Commercial Banking Company of Sydney Limited became a wholly owned subsidiary of The National Bank of Australasia Limited in pursuance of schemes of arrangement under the provisions of the Companies Act 1961, having effect on and from 1 October 1981: (2) C.B.C. Savings Bank Limited is a wholly owned subsidiary of The Commercial Banking Company of Sydney Limited and The National Bank Savings Bank Limited is a wholly owned subsidiary of The National Bank of Australasia Limited: (3) It is expedient in the interests of efficiency in banking that the banking business conducted by The Commercial Banking Company of Sydney Limited should be transferred to The National Bank of Australasia Limited and that the banking business conducted by C.B.C. Savings Bank Limited should be transferred to The National Bank Savings Bank Limited and that the transfers be effected by Act of Parliament: BE it therefore enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows:

1 Name of Act This Act may be cited as The Commercial Banking Company of Sydney Limited (Merger) Act 1982.

2 Commencement (1) This section and section 1 shall commence on the date of assent to this Act. (2) Except as provided in subsection (1), this Act shall commence on such day as may be appointed by the Governor in respect thereof and as may be notified by proclamation published in the Gazette.