South Australian Consolidated Acts

BANK MERGER (NATIONAL/BNZ) ACT 1997 - SECT 9

9—Registration of title etc

        (1)         The Registrar-General or other person required or authorised by law to register or record transactions affecting assets or liabilities—

            (a)         may (without formal application) register or record in the appropriate manner the transfer of an asset or liability under this Act; and

            (b)         must, on application by National, register or record in the appropriate manner the transfer of an asset or liability under this Act.

        (2)         A transaction related to a transferred asset or transferred liability entered into by National in BNZ's name or the name of a predecessor in title to BNZ, if effected by an instrument otherwise in registrable form, must be registered even though National has not been registered as proprietor of the asset.