Western Australian Current Acts

WESTPAC BANKING CORPORATION (CHALLENGE BANK) ACT 1996 - SECT 7

7 .         Vesting of undertaking

        (1)         At the commencement time the undertaking of Challenge is by virtue of this Act divested from Challenge and vested in Westpac.

        (2)         Subsection (1) has no effect in relation to the employment of Challenge employees.