Western Australian Current Acts

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AUSTRALIA AND NEW ZEALAND BANKING GROUP ACT 1970 - SECT 14

14 .         Transfer of contracts, etc., with E.S.A. Savings Bank

        (1)         Subject to subsection (2), all contracts, agreements, conveyances, deeds, leases, licences and other instruments or undertakings entered into by or made with or addressed to E.S.A. Savings Bank (whether alone or with any other person), in force immediately before the appointed day, shall, on and after that day, to the extent that they were immediately before that day binding upon and enforceable by or against E.S.A. Savings Bank, be binding and of full force and effect in every respect in favour of or against A.N.Z. Savings Bank as fully and effectually as if, instead of E.S.A. Savings Bank, A.N.Z. Savings Bank had been a party thereto or bound thereby or entitled to the benefit thereof.

        (2)         The provisions of subsection (1) do not apply to any contract, agreement, conveyance, deed, lease, licence, instrument or undertaking relating to an excluded asset.



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