Australian Capital Territory Numbered Acts

CANBERRA ADVANCE BANK LIMITED (NO. 24 OF 1992)

TABLE OF PROVISIONS

           Long Title

   1.      Canberra Advance Bank Limited A.C.N. 008 616 779 (“CAB”) is a company incorporated in the Territory and is a company within the meaning of the Corporations Law of the Capital Territory and is a company limited by shares.  
   2.      Advance Bank Australia Limited A.C.N. 002 953 335 (“ABA”) is a company incorporated in New South Wales and is a company within the meaning of the Corporations Law of New South Wales and is a company limited by shares.  
   3.      CAB is a wholly owned subsidiary of ABA.  
   4.      ABA and CAB each carries on the business of banking in the Territory and elsewhere in Australia.  
   5.      It is expedient in the interests of banking efficiency that the banking business conducted by CAB should be transferred to ABA.  
   6.      It is expedient that the transfer be effected by an Act.  

   PART I--PRELIMINARY SHORT TE

   PART II--VESTING OF UNDERTAKING OF CAB INA >

   7.      Act binds the Crown  
   8.      Effect of contracts and instruments  
   9.      Consideration for vesting  
   10.     Without limiting sections 7 and 8, this Division has effect in relation to the undertaking of CAB.  
   11.     Relationships with customers  
   12.     Securities  
   13.     Transferred securities  
   14.     Custody of documents etc.  
   15.     Negotiable instruments etc.  
   16.     Legal proceedings  
   17.     Amendment of documents  
   18.     Evidence  
   19.     Construction of references  

   PART III--GENERAL EFFECT OF THINGS DONE UNDER THISTH3>

   20.     Nothing effected by this Act or done or suffered by CAB or ABA under, or in connection with the enactment of, this Act—  
   21.     Service of documents  
   22.     Assets not part of undertaking  
   23.     Identification of undertaking  
   24.     Interests in land  
   25.     Certificates in relation to charges  
   26.     Other property  
   27.     Certificates conclusive  
   28.     Application of banking laws  
   29.     Exemption from duties and other charges  
           SCHEDULE