Australian Capital Territory Numbered Acts

STATE BANK OF SOUTH AUSTRALIA (TRANSFER OF UNDERTAKING) ACT 1994 (NO. 31 OF 1994) - SECT 8

8. (1) Where a transferred asset or liability consists of land or an interest in land under the Real Property Act 1925, the Registrar-General—

        (a)     shall, on the application of BSAL, register in the Register under that Act in the manner prescribed under that Act the transfer to BSAL of any transferred asset or liability; and

        (b)     shall register in the manner prescribed under that Act an instrument in registrable form, executed by BSAL, relating to property that is a transferred asset even though BSAL is not registered as the proprietor of the property.

(2) If property consisting of land or an interest in land under the Real Property Act 1925 , is registered in the name of SBSA or an SBSA subsidiary, the Registrar-General may register in the Register under that Act in the manner prescribed under that Act a dealing with the property by the body corporate in whose name the property is registered or by BSAL without being concerned to enquire whether the property is or is not a transferred asset.

(3) Where a transferred asset or liability consists of a bill of sale registered under the Instruments Act 1933 , the Registrar-General shall, on the application of BSAL, register in the manner prescribed under that Act the transfer to BSAL of the bill of sale.