Victorian Current Acts

STATE BANK (SUCCESSION OF COMMONWEALTH BANK) ACT 1990 - SECT 13

Without prejudice to the generality of this Part and despite anything to the contrary in any other Act or law, if, immediately before the succession day, the State Bank is the registered proprietor of an interest in land under the Transfer of Land Act 1958 , on and after the succession day—

        (a)     the Commonwealth Bank is to be taken to be the registered proprietor of that interest in land; and

        (b)     the Commonwealth Bank has the same rights and remedies in respect of that interest as the State Bank had.