Australian Capital Territory Numbered Acts

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED (NMRB) ACT 1991 (NO 66 OF 1991)

TABLE OF PROVISIONS

           Long Title

   1.      National Mutual Royal Bank Limited A.C.N. 006 525 097 (“NMRB”) and National Mutual Royal Savings Bank Limited A.C.N. 007 394 738 (“NMR Savings Bank”) are companies incorporated in Victoria and are companies within the meaning of the Corporations Law of Victoria and are companies limited by shares.  
   2.      Australia and New Zealand Banking Group Limited A.C.N. 005 357 522 (“ANZ”) and Australia and New Zealand Savings Bank Limited A.C.N. 004 845 685 (“ANZ Savings Bank”) are companies deemed to be incorporated in Victoria and are companies within the meaning of the Corporations Law of Victoria and are companies limited by shares.  
   3.      NMR Savings Bank is a wholly owned subsidiary of NMRB and ANZ Savings Bank is a wholly owned subsidiary of ANZ.  
   4.      ANZ and NMRB each carries on the business of banking in Victoria and elsewhere in Australia and ANZ Savings Bank and NMR Savings Bank each carries on the business of a savings bank in Victoria and elsewhere in Australia.  
   5.      On 2 April 1990, ANZ acquired the whole of the issued share capital of NMRB and since that date NMRB has been a wholly owned subsidiary of ANZ.  
   6.      It is expedient in the interests of efficiency in banking that the banking business conducted by NMRB should be transferred to ANZ and that part of the banking business conducted by NMR Savings Bank should be transferred to ANZ Savings Bank and that the other part should be transferred to ANZ.  
   7.      On 5 December 1990, the Treasurer of Australia consented pursuant to section 63 of the Banking Act 1959 of the Commonwealth to the amalgamation of NMRB with ANZ.  
   8.      By the Australia and New Zealand Banking Group Limited (NMRB) Act 1991 of the State of Victoria, provision is made for the vesting of the undertaking of NMRB in ANZ and for the vesting of part of the undertaking of NMR Savings Bank in ANZ and the other part in ANZ Savings Bank.  

   PART I--PRELIMINARY SHORT TITLE

   PART II--VESTING OF UNDERTAKING OF NMRB IN ANZ

   12.     If any law of the Territory (other than this Act) or any document whenever made or executed (other than a document constituting or relating to a provident, benefit, superannuation or retirement fund) or any register established or kept under any such law contains any reference express or implied to NMRB, the reference is, on and after the appointed day, to be read and construed as a reference to ANZ, except to the extent that the reference is in relation to an excluded asset or unless the context otherwise requires.  

   PART III--VESTING OF UNDERTAKING OF NMR SAVINGS BANK IN ANZ SAVINGS BANK AND ANZ

   21.     If any law of the Territory (other than this Act) or any document whenever made or executed, contains any reference express or implied to NMR Savings Bank, the reference is, on and after the appointed day, to be read and construed as a reference to ANZ Savings Bank to the extent that the reference relates to the category A undertaking of NMR Savings Bank and to be read and construed as a reference to ANZ in all other cases, except to the extent that the reference is in relation to an excluded asset or unless the context otherwise requires.  

   PART IV--GENERAL EFFECT OF THINGS DONE UNDER THIS ACT

   22.     Nothing effected by this Act or done or suffered by NMRB, NMR Savings Bank, ANZ or ANZ Savings Bank under this Act—  
   25.     The Chief Executive Officer of ANZ may, by certificate signed by him or her, certify any matter in relation to the operation of this Act and, in particular, may certify—  
   26.     Notwithstanding anything to the contrary in any law of the Territory, where any land of which NMRB or NMR Savings Bank is, or is deemed or taken to be, the registered proprietor is by virtue of this Act vested in ANZ or in ANZ Savings Bank, ANZ or ANZ Savings Bank (as the case may be) shall be deemed to be the registered proprietor of that land for the purposes of the Real Property Act 1925 and the land may be dealt with accordingly.  
   27.     The Registrar of Titles, on being requested to do so and on production of any relevant duplicate certificate of title or other relevant instrument, shall make any amendments to the Register Book under the Real Property Act 1925 and to the duplicate of any grant, certificate of title, registered instrument or other document that are necessary because of the operation of this Act.  
   30.     Nothing in this Act exempts ANZ or ANZ Savings Bank from the provisions of any Act relating to companies carrying on the business of banking.  
   31.     Notwithstanding anything to the contrary in any law of the Territory, no tax, fee, duty, levy or charge of any kind is chargeable or payable on any instrument, certificate or document (including this Act) or in respect of any act or transaction executed, done, suffered or entered into for a purpose connected with, or arising out of, the operation or effect of this Act or any corresponding law of a State or another Territory.  
           PART 2