Western Australian Current Acts

BANK MERGERS ACT 1997 - SECT 3

3 .         Interpretation

                In this Act, unless the contrary intention appears —

        bank means —

            (a)         an ADI (authorised deposit-taking institution) as defined in section 5 of the Banking Act 1959 of the Commonwealth; or

            (b)         a bank which carries on banking business on behalf of the government of a State under the authority of the laws of that State,

        and includes a body corporate that is a subsidiary, within the meaning of the Corporations Act 2001 of the Commonwealth, of an ADI mentioned in paragraph (a) or a bank mentioned in paragraph (b);

        merger includes any transaction by which a bank acquires another bank, either by the transfer of the whole or part of the undertaking of the other bank, or by becoming the successor in law of the other bank, or by other means;

        Taxing Act means the Bank Mergers (Taxing) Act 1997 .

        [Section 3 amended: No. 26 of 1999 s. 61; No. 10 of 2001 s. 220; No. 8 of 2009 s. 23.]