Queensland BANK INTEGRATION (BANK OF QUEENSLAND) BILL 1993 Queensland BANK INTEGRATION (BANK OF QUEENSLAND) BILL 1993 TABLE OF PROVISIONS Section Page 1 Short title 2.2... eee eee 4 2 Definitions 2.0... 0... cece eee eee 4 3 Extraterritorial operation of Act ... 2... 0... cece cece eee eee 4 4 Act binds Crown... 2.0... cece eee eee 5 5 BQL is successor in law of BQSBL...........0... 000.00 eee ee eee 5 6 Assets and liabilities... 2.2... 0. eee eee 5 7 Permitted business name... 1.2.0... 00. eee eee ee 5 8 Exemption from tax... 0.6.0... e cece cece eens 6 9 Dissolution of BQSBL .... 1... ect teens 6 10 Act has effect despite other laws etc. 0.0.0.0... cece eee eee eee 6 11 Regulations .... 0.66.6. c cece nent eens 7 A BILL FOR An Act to facilitate the integration of Bank of Queensland Savings Bank Limited with Bank of Queensland Limited Bank Integration (Bank of Queensland) BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows. Short title Clause1. This Act may be cited as the Bank Integration (Bank of Queensland) Act 1993. Definitions Clause2.(1) In this Act— "BQL" means Bank of Queensland Limited; "BQSBL" means Bank of Queensland Savings Bank Limited; "Commonwealth Act" means the Bank Integration Act 1991 of the Commonwealth; "tax" includes— (a) stamp duty; and (b) any other tax, duty, levy or charge; and (c) any fee (however described) that is not a tax; but does not include a fee or tax prescribed by the Corporations Regulation. (2) Unless the contrary intention appears, words and expressions used in the Commonwealth Act have the same respective meanings in this Act. Extraterritorial operation of Act Clause3. It is the intention of Parliament that this Act should apply, as far as possible, in relation to— (a) land or things outside the State (whether in or outside Australia); and (b) acts, transactions and matters done, entered into or happening outside the State (whether in or outside Australia); and 12 1416 18 20 23 25 27 Bank Integration (Bank of Queensland) (c) land, things, acts, transactions and matters (wherever situated, done, entered into or happening) that would, apart from this Act, be governed or otherwise affected by the law of a foreign country. Act binds Crown Clause4, This Act binds the Crown in right of the State and, so far as the legislative power of Parliament permits, the Crown in all its other capacities. BQL is successor in law of BOSBL Clause5. On the succession day for BQL and BQSBL, BQL becomes the successor in law of BQSBL. Assets and liabilities Clause6. Without limiting section 5, on the succession day for BQL and BQSBL— (a) all assets of BQSBL, wherever located, vest in, or are otherwise available for the use of, BQL; and (b) all liabilities of BQSBL, wherever located, become liabilities of BQL. Permitted business name Clause7.(1) For 6 months starting on the succession day for BQSBL, BQL may operate in the State under the name of Bank of Queensland Savings Bank Limited (the "permitted business name"). (2) Subsection (1) does not prevent BQL from— (a) operating in the State under a name other than the permitted business name; or (b) registering a name under the Business Names Act 1962. (3) In subsection (2), a reference to operating under a name includes a reference to engaging in any conduct in respect of which the name would, apart from subsection (1), have been required to be registered under the Business Names Act 1962. Ne 12 14 16 1923 2628 Bank Integration (Bank of Queensland) Exemption from tax Clause8. Tax is not payable under a law of the State in respect of— (a) the operation or effect of this Act in its application to the vesting of the business of BQSBL in BQL; or (b) anything done for a purpose connected with, or arising out of, that operation or effect. Dissolution of BQSBL Clause9. On the succession day for BQL and BQSBL, BQSBL is dissolved. Act has effect despite other laws etc. Clause10.(1) This Act has effect despite anything in any contract, deed, undertaking, agreement or other instrument. (2) Nothing done by or under this Act— (a) places BQL, BQSBL or another person in breach of contract or confidence or otherwise makes a person guilty of a civil wrong; or (b) places BQL, BQSBL or another person in breach of — (i) a law of the State; or (11) a contractual provision, including a provision prohibiting, restricting or regulating the assignment or transfer of any asset or liability or the disclosure of any information; or (c) releases a surety or other obligee (wholly or partly) from an obligation. (3) Without limiting subsection (1), if, apart from this subsection, the advice or consent of a person would be necessary under an instrument in order to give effect to this Act, the advice is taken to have been obtained or the consent is taken to have been given. Dn FW N 12 1518 2023 26Bank Integration (Bank of Queensland) Regulations Clause11. The Governor in Council may make regulations for the purposes of this Act. © State of Queensland 1993 BR WN