Victorian Current Acts

WESTPAC AND BANK OF MELBOURNE (CHALLENGE BANK) ACT 1996 - SECT 44

    (1)     If—

        (a)     any property (other than property to which section 41, 42 or 43 applies) becomes, under Part 2, the property of Westpac; and

        (b)     any person or authority has, under any written law, responsibility for keeping a register in respect of property of that kind—

then—

        (c)     any requirement of that written law relating to the transfer of such property from one person to another is to be taken to have been complied with if there is lodged with that person or authority a certificate signed by the Chief Executive Officer of Westpac stating that by virtue of Part 2 the undertaking of Challenge has become vested in Westpac; and

        (d)     that person or authority, on being requested to do so and on delivery of any relevant instrument, is to make any amendments to that register which are necessary to make it accurately reflect the effect of Part 2.

    (2)     If—

        (a)     any property (other than property to which section 41, 42 or 43 applies) becomes, under this Act, the property of Bank of Melbourne; and

        (b)     any person or authority has, under any written law, responsibility for keeping a register in respect of property of that kind—

then—

        (c)     any requirement of that written law relating to the transfer of such property from one person to another is to be taken to have been complied with if there is lodged with that person or authority a certificate signed by the Chief Executive Officer of Bank of Melbourne stating that by virtue of Part 3 or 4 the transferring undertaking has become vested in Bank of Melbourne; and

        (d)     that person or authority, on being requested to do so and on delivery of any relevant instrument, is to make any amendments to that register which are necessary to make it accurately reflect the effect of Part 3 or 4.