(1) In addition to any other names under which it is entitled to carry on business in Victoria, during the transition period, Bank of Melbourne may carry on business in Victoria under the business name "Challenge Bank Limited" as if that name was registered under the Business Names Act 1962 as a business name of Bank of Melbourne.
(2) Subsection (1) does not have effect as an exemption from section 46.
(3) In subsection (1), "transition period" means the period of 6 months beginning at the Bank of Melbourne vesting time.