Subsection (1) of
section 206 of the Companies (Western Australia) Code shall be deemed to have
been complied with in respect of all charges of which the continuing bank or
the continuing savings bank becomes the holder by virtue of this Act if there
is lodged in the manner specified in paragraph (a) of that subsection a
certificate, in a form acceptable to the Commissioner for Corporate Affairs,
signed by a Managing Director of the continuing bank, or by an officer acting
under delegation from him, stating that by virtue of this Act the undertaking
of CBC has become vested in the continuing bank and the undertaking of CBC
Savings Bank has become vested in the continuing savings bank.