Australian Capital Territory Numbered Acts

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STATE BANK OF SOUTH AUSTRALIA (TRANSFER OF UNDERTAKING) ACT 1994 (NO. 31 OF 1994) - SECT 11

Re-transfer of assets or liabilities

11. (1) The Treasurer may, with the concurrence of the South Australian Treasurer, by order in writing, re-transfer assets or liabilities (or both) from BSAL to SBSA or an SBSA subsidiary.

(2) An order under this section shall be made within the transfer period.

(3) The re-transfer of a liability under this section operates to discharge BSAL from the liability.

(4) The provisions of this Act relating to transferred assets or liabilities apply in a reciprocal way in relation to assets or liabilities re-transferred under this section with such modifications and exclusions as are necessary in the context.



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