South Australian Current Acts

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STATE BANK (CORPORATISATION) ACT 1994 - SECT 16

16—Re-transfer of assets or liabilities

        (1)         The Treasurer may, 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 must 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 and such further modifications and exclusions as are prescribed by regulation.



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