This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.

Bank Integration Act 1991

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
authorised person

, in relation to a particular provision, a particular receiving bank and the relevant transferring bank, means:

(a) the Treasurer; or

(b) if the Treasurer designates, in writing:

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
BNZ

means Bank of New Zealand.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
BNZ Savings

means Bank of New Zealand Savings Bank Limited.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
business

, in relation to a bank, includes the assets and liabilities of the bank.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
chief executive officer

, in relation to a receiving bank, means the officer having the day to day management of the affairs of the bank and includes an officer acting from time to time in that capacity.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
Commonwealth Bank

means the of Australia.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
Commonwealth Savings Bank

means the of Australia.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
complementary legislation

, in relation to the operation of this Act in respect of a particular receiving bank (other than the Commonwealth Bank or the BNZ) and the relevant transferring bank, means legislation of the kind referred to in subsection 11(1) in relation to those banks.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
Bank Integration Act 1991 - 11 Complementary legislation to be enacted
incorporating State

means:

(a) in relation to a receiving bank other than the Commonwealth Bank, the Westpac Banking Corporation or BNZ—the State in which the bank was incorporated; and

(b) in relation to the Westpac Banking Corporation—New South Wales.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
instrument

includes a document and an oral agreement.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
interest

, in relation to land, includes:

(a) a legal or equitable estate or interest in the land; or

(b) a right, power or privilege over, or in relation to, the land.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
liability

includes a duty or obligation of any kind (whether arising under an instrument or otherwise, and whether actual, contingent or prospective).

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
parallel New Zealand legislation

, in relation to the operation of this Act in respect of BNZ and BNZ Savings, means a law of New Zealand to vest the undertaking of BNZ Savings in BNZ and to enable the subsequent dissolution of BNZ Savings.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
proceeding to which this Act applies

, in relation to a receiving bank, means a legal proceeding (including a proceeding before an administrative tribunal or an arbitration) that relates to business that becomes transferred business in relation to that bank.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
receiving bank

means a bank whose name is included in Column 1 of Schedule 1.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
relevant receiving bank

, in relation to a transferring bank, means the receiving bank whose name is included in Column 1 of Schedule 1 opposite the name of the transferring bank in Column 2 of that Schedule.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
relevant transferring bank

, in relation to a receiving bank, means a transferring bank whose name is included in Column 2 of Schedule 1 opposite the name of the receiving bank in Column 1 of that Schedule.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
security

, in relation to payment of a debt or other liability, includes an agreement to give such a on demand or otherwise.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
succession day

, in relation to a receiving bank and a relevant transferring bank, means the day fixed under section 9 as the for those banks.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation
Bank Integration Act 1991 - 9 Treasurer may fix succession day for a particular receiving bank and transferring bank
tax

includes:

(b) stamp duty; and

(c) any other tax, duty, levy or charge; and

(d) any fee (however described) that is not a tax.

Bank Integration Act 1991 Bank Integration Act 1991 - 5 Interpretation

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.