Victorian Current Acts Victorian Current ActsPreamble
WHEREAS Australia and New Zealand Banking Group Limited (in this preamble referred to as the Bank ) is a company within the meaning of the Companies (Victoria) Code :
AND WHEREAS Gariwang Pty. Ltd. (in this preamble referred to as the New Trustee ) is a company within the meaning of the Companies (Victoria) Code :
AND WHEREAS The Trustees Executors & Agency Company Limited (in this preamble referred to as the Old Trustee ) is a company within the meaning of the Companies (Victoria) Code :
AND WHEREAS by order of the Supreme Court of Victoria made on 31 May 1983 joint provisional liquidators were appointed to the Old Trustee:
AND WHEREAS the Old Trustee is a trustee company within the meaning of the Trustee Companies Act 1958 :
AND WHEREAS the provisional liquidators of the Old Trustee have entered into an agreement with the Bank whereby for an agreed price the Old Trustee will transfer all of its business of acting as a trustee to the New Trustee and the New Trustee will be appointed in place of the Old Trustee in all of its trust business:
AND WHEREAS it is expedient in the interests of the effective and efficient administration of the trusts of which the Old Trustee is the trustee and in the interests of public confidence that the business of acting as trustee and all the appointments of the Old Trustee be transferred to the New Trustee economically, quickly and without interference with the administration of those trusts:
AND WHEREAS to transfer the business of acting as trustee and all the appointments of the Old Trustee to the New Trustee it is expedient to enact the provisions contained in this Act:
BE IT THEREFORE ENACTED by the Queen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and the Legislative Assembly of Victoria in this present Parliament assembled and by the authority of the same as follows (that is to say):
PART I—PRELIMINARY