West Australian Trustees Limited (Merger) Act 1989 (WA)

Western Australia West Australian Trustees Limited (Merger) Act 1989 Western Australia West Australian Trustees Limited (Merger) Act 1989 Contents 1. Short title 1 2. Commencement 2 3. Terms used in this Act 2 4. Act binds Crown 4 5. Undertaking vested in Perpetual Trustees 4 6. Supplementary provisions as to vesting of undertaking 5 7. Rights in respect of land that is an excluded asset 8 8. Proceedings 9 9. Evidence 9 10. Transfer of employees 9 11. Appointment of new trustee 10 12. Prescribed securities 11 13. Officers to register documents 12 14. Protection of persons dealing with Perpetual Trustees or WA Trustees 12 15. Transfer of WA Trustees Common Fund to common trust funds of Perpetual Trustees 13 Schedule 1 — Excluded land Notes Compilation table 16 Defined terms Western Australia West Australian Trustees Limited (Merger) Act 1989 An Act to provide for the transfer to Perpetual Trustees WA Limited of the undertaking of West Australian Trustees Limited, to amend the Trustee Companies Act 1987 2, and for connected purposes. Reasons for enactment Because West Australian Trustees Limited became on or about 28 March 1989 a wholly owned subsidiary of Perpetual Trustees Australia Limited pursuant to action under the Companies (Acquisition of Shares) (Western Australia) Code: And because it is expedient in the interest of business efficiency that the business conducted by and undertaking of West Australian Trustees Limited should be transferred to Perpetual Trustees WA Limited, another wholly owned subsidiary of Perpetual Trustees Australia Limited, and that all property held by West Australian Trustees Limited as trustee should be vested in Perpetual Trustees WA Limited: And because it is expedient that the transfer and vesting be effected by Act of the Parliament: The Parliament of Western Australia enacts as follows: