Perth Building Society (Merger) Act 1986 (WA)

Western Australia Perth Building Society (Merger) Act 1986 Western Australia Perth Building Society (Merger) Act 1986 Contents 1. Short title 2 2. Commencement 2 3. Terms used in this Act 2 4. Perth Building Society authorised to apply for and implement merger 3 5. Recognition of merger of Perth Building Society and Hotham Permanent Building Society 3 Notes Compilation table 5 Defined terms Western Australia Perth Building Society (Merger) Act 1986 An Act to authorise the Perth Building Society, a building society incorporated in the State of Western Australia, to apply for a merger under the Building Societies Act 1986 of the State of Victoria, as amended, between that building society and the Hotham Permanent Building Society, a building society incorporated in the State of Victoria; to give effect in this State to that merger; and to provide for matters incidental thereto or connected therewith. Preamble Whereas provision is made by the Building Societies Act 1986 of the State of Victoria, as amended, (in this preamble referred to as "the Victorian Act") for the merger of the assets, liabilities and undertakings of a building society incorporated in the State of Victoria and those of a building society incorporated in another State or a Territory of the Commonwealth; And whereas the Perth Building Society, a building society incorporated in the State of Western Australia, (in this preamble referred to as "PBS") and Hotham Permanent Building Society, a building society incorporated in the State of Victoria, (in this preamble referred to as "Hotham") propose to apply for the issue of a certificate under section 108C of the Victorian Act for the purpose of such a merger; And whereas the assets, liabilities and undertakings of PBS and those of Hotham will, if the applications of PBS and Hotham for such a certificate are successful, be merged, with the result that all the assets, liabilities and undertakings of Hotham will be vested in PBS; And whereas it is expedient that the aforesaid merger and vesting be given effect in the State of Western Australia by Act of the Parliament: [Preamble amended: No. 19 of 2010 s. 50.] Be it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows: —