Commonwealth Numbered Acts

COMMONWEALTH BANKS AMENDMENT ACT 1984 No. 76 of 1984 - SECT 8

8. (1) Section 27 of the Principal Act is repealed and the following section
is substituted: The Commonwealth Bank

"27. The body corporate that was, immediately before the commencement of
section 8 of the Commonwealth Banks Amendment Act 1984, in existence, by
virtue of section 27 of the Commonwealth Banks Act 1959 as in force
immediately before that commencement, under the name Commonwealth Trading Bank
of Australia-

   (a)  is preserved and continues in existence, by force of this section, as
        a body corporate, under and subject to the provisions of this Act,
        under the name Commonwealth Bank of Australia, so that its corporate
        identity is not affected;

   (b)  continues to be a body corporate;

   (c)  shall have a seal; and

   (d)  is capable of acquiring, holding and disposing of real and personal
        property and of suing and being sued.".

(2) The alteration of the name of the Commonwealth Trading Bank of Australia
resulting from sub-section (1) does not affect any property, powers, rights,
liabilities or obligations of the body corporate continued in existence by
force of the section inserted in the Principal Act by that sub-section.

(3) The alteration of the name of the Commonwealth Trading Bank of Australia
resulting from sub-section (1) does not render defective any legal or other
proceedings instituted or to be instituted by or against the body corporate
continued in existence by force of the section inserted in the Principal Act
by that sub-section, and any legal or other proceedings that might have been
continued or commenced by or against that body corporate by the name of the
Commonwealth Trading Bank of Australia may be continued or commenced against
that body corporate by the name of the Commonwealth Bank of Australia.

(4) A reference to the Commonwealth Trading Bank of Australia in any Act, in
any instrument under an Act, in any award or other industrial determination or
order or any industrial agreement, in any other order (whether executive,
judicial or otherwise), in any contract, in any pleading in, or process issued
in connection with, any legal or other proceedings or in any other instrument,
shall, except in relation to matters that occurred before the commencement of
this section, be construed as a reference to the Commonwealth Bank of
Australia in existence by force of the section inserted in the Principal Act
by sub-section (1) of this section.