Bank of New Zealand (Transfer of Undertaking) Bill 1997 (Qld)

Queensland

BANK OF NEW ZEALAND (TRANSFER OF UNDERTAKING) BILL 1997

BANK OF NEW ZEALAND (TRANSFER OF UNDERTAKING) BILL 1997

TABLE OF PROVISIONS

Section Page PART 1—PRELIMINARY 1 Short title 20.6... 5 2 Commencement ....... 6... eee eee nee 5 3 Definitions 2.0.0... 0. cece eet aees 5 4 Act binds the State 2.0.0.6... cette eens 6 5 Territorial application of Act 2.0.0... 2... c cece ccc 7 PART 2—VESTING OF BNZ's UNDERTAKING IN NAB Division 1—Vesting 6 Vesting of undertaking... 0.0.0... 6 6... c cece eee tees 7 7 Effect of vesting on BNZ contracts ........... 00 c eee eee eee ee ees 7 Division 2—Consequential effects of vesting 8 Application of division ......... 0.00.6 cece cece eee eens 8 9 Relationship between BNZ's customers and NAB................00-5 8 10 Authorities etc. by BNZ's customers ............. 00 0c cece eee ee eee 8 11 Securities held by BNZ.... 2.0.0... 0 cece cece ee eens 8 12 Transferred securities—rights, liabilities and priorities ................ 9 13 Custody of documents, goods etc. held by BNZ...........-..00000005 9 14 Negotiable instruments or orders ... 1... 0. eee cece eee eee eee 9 15 Information about customers .......... 6.00. e eee 9 16 Security over money on deposit... 0.6.6.6... 6. cece eee eee eee 10 Division 3—Employees 17 NAB and BNZ employees... 1.0.0... cece eect ett 10 Bank of New Zealand (Transfer of Undertaking) 1921232527293133

PART 3—GENERAL

Payment of amount instead of stamp duty.................000-0000- 10 Registering authorities to note transfers. ...........0...00..000 0.000. 11 Charges under the Corporations Law..............0. 0.000.000 eae 12 Other property... 0.0... 12 Construction of references... 6.6.6.6 e cece eect eee 12 Certificates evidencing operation of Act may be issued ............... 13 Certificates as evidence ........ 0... c cece eee ees 13 Excluded assets transactions ........... 6.0000 e cece eee ee eee eens 13 Service of documents on NAB and BNZ..... 2.2.2... 000s cece ees 13 Proceedings ......... 0... eee eee 14 Amendment of court documents if NAB erroneously made a party ...... 15 Effect of things done or allowed under this Act ..................205. 15 Evidence—books and documents ............... 0000 e cece e eee eens 16 Application of banking laws ........ 0.0.00. cece eee eee 16 Application of Acts Interpretation Act 1954,s20A ................05. 17