South Australian Current Acts

STATE BANK (CORPORATISATION) ACT 1994 - SECT 13

13—Registering authorities to note transfer

        (1)         The Registrar-General or any other authority required or authorised under a law of the State to register or record transactions affecting assets or liabilities, or documents relating to such transactions—

            (a)         must, on the application of BSAL, register or record in the appropriate manner the transfer to BSAL of any transferred asset or liability; and

            (b)         must register 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 is registered in the name of SBSA or an SBSA subsidiary, the Registrar-General or other registering authority may register 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.