State Bank of South Australia (Transfer of Undertaking) Bill 1994 (Qld)

Queensland

STATE BANK OF SOUTH AUSTRALIA (TRANSFER OF UNDERTAKING) BILL 1994

STATE BANK OF SOUTH AUSTRALIA (TRANSFER OF UNDERTAKING) BILL TABLE OF PROVISIONS

Section

1 Short title 2.2... eee eee 2 Interpretation ....... 0... eee eee 3 Act binds the State 2.0.0.0... eee ee 4 Transfer of assets and liabilities to BSAL.............00..00...0000. 5 Conditions of transfer........ 0... eee eee 6 Transitional provisions ...... 0.6.0... cece cee eee eee ees 7 Direct payment orders to accounts transferred to BSAL ............... 8 Registering authorities to note transfer ............... 0 cece eee eee eee 9 Exclusion of obligation to enquire .......... 00... 10 Re-transfer of assets or liabilities... .......00.0.0000. 0000000000000. 11 Stamp duty, taxes and fees......... 0.0.00 eee eee 12 Evidence .... 0... eee eee 13 Transfer of staff ....... 0. eee eee 14 Act overrides other laws ........ 0... eee eee 15 Effect of things done or allowed under Act............. 000000 eee eeee 16 Application of s 20A of Acts Interpretation Act 1954.................. 17 Expiry of Act 2.2... ccc teen nents

A BILL

FOR

An Act to provide for the transfer of part of the undertaking of the State Bank of South Australia to a company formed to carry on

the business of banking under the law of the Commonwealth and for other purposes

sl 4 s2

State Bank of South Australia (Transfer of Undertaking)

The Parliament of Queensland enacts—

Short title

1. This Act may be cited as the State Bank of South Australia (Transfer of Undertaking) Act 1994.

Interpretation 2. In this Act—

"appointed day" means a day fixed as the appointed day by proclamation under the South Australian Act;

"asset" means property including property held in a fiduciary capacity;

"BSAL" means the public company with the name 'Bank of South Australia Limited' formed under the Corporations Law;