Bank Mergers Act 1997 (WA)

Western Australia Bank Mergers Act 1997 Western Australia Bank Mergers Act 1997 Contents Part 1 — Preliminary 1. Short title 2 2. Commencement 2 3. Interpretation 2 4. Act binds the Crown 2 5. Provision for merger 3 Part 2 — Regulations as to the merger of banks 6. Regulations, general power 4 7. Regulations for merger 4 8. Regulations as to effect of merger 5 9. Regulations as to duties, taxes, etc. 5 10. Regulations as to miscellaneous matters 5 11. Prerequisite to regulations 6 12. Regulations may override provisions of another Act 6 13. Extra‑territorial application 6 Part 3 — Application of law of another State or a Territory 14. Definition 7 15. Declaration of law 7 16. Prerequisite to order 7 17. Application of declared law 8 Part 4 — Provisions supplementary to Bank Mergers (Taxing) Act 1997 18. Liability for amount 9 19. Certificate to be given 9 20. Effect of certificate 9 Part 5 — Expiry of powers 21. Expiry of powers under this Act 10 Notes Compilation table 11 Defined terms Western Australia Bank Mergers Act 1997 An Act to enable provision to be made for or with respect to the merger of banks by — • regulations; • an order for the purpose of applying in this State the law of another State or a Territory; or • a combination of regulations and an order, and for related purposes.

Part 1 — Preliminary

1. Short title This Act may be cited as the Bank Mergers Act 1997 1.

2. Commencement This Act comes into operation on the day on which it receives the Royal Assent 1.

3. Interpretation In this Act, unless the contrary intention appears — bank means — (a) an ADI (authorised deposit‑taking institution) as defined in section 5 of the Banking Act 1959 of the Commonwealth; or (b) a bank which carries on banking business on behalf of the government of a State under the authority of the laws of that State, and includes a body corporate that is a subsidiary, within the meaning of the Corporations Act 2001 of the Commonwealth, of an ADI mentioned in paragraph (a) or a bank mentioned in paragraph (b); merger includes any transaction by which a bank acquires another bank, either by the transfer of the whole or part of the undertaking of the other bank, or by becoming the successor in law of the other bank, or by other means; Taxing Act means the Bank Mergers (Taxing) Act 1997. [Section 3 amended: No. 26 of 1999 s. 61; No. 10 of 2001 s. 220; No. 8 of 2009 s. 23.]