Western Australian Current Acts

AUSTRALIA AND NEW ZEALAND BANKING GROUP ACT 1970 - SECT 20

20 .         Entry of the Bank on land not to constitute assignment, etc.

                It is hereby declared —

            (a)         that the entry of the Bank upon, or the use, enjoyment or occupation by the Bank of, any land on or after the appointed day as tenant, sub-tenant or licensee of or under an existing bank or of or under E.S.A. Savings Bank does not constitute an assignment, transfer, underletting, devolution, parting with possession or other disposition of that land for the purpose of any provision relating to assignment, transfer, underletting, devolution, parting with possession or other disposition contained in any instrument in existence on the appointed day and relating to that land; and

            (b)         that no transfer or vesting effected by virtue of this Act invalidates or discharges any contract or security.