Western Australian Current Regulations

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BANK MERGERS (NATIONAL AUSTRALIA BANK AND BANK OF NEW ZEALAND) REGULATIONS 1997 - REG 3

3 .         Definitions

                In these regulations, unless the contrary intention appears — 

        BNZ means Bank of New Zealand A.R.B.N. 000 288;

        BNZ employee means a person employed by BNZ in Western Australia;

        chief executive officer means the officer in charge of the day to day management of the affairs of National or a person appointed by that officer in writing;

        commencement time means the time referred to in regulation 2;

        excluded asset means — 

            (a)         a document required to be kept by BNZ under the Corporations Law or any other law; or

            (b)         an asset listed in a certificate signed by the chief executive officer and received by the Treasurer before the commencement time;

        liabilities includes duties, obligations and incidents of every description, whether actual, contingent or prospective, but does not include any duty, obligation or incident relating to an excluded asset;

        National means National Australia Bank Limited A.C.N. 004 044 937;

        property means property and assets of every description, and includes securities, rights and powers of every description;

        register includes a book of registry and an index relating to registration;

        security includes a mortgage (whether legal or equitable), charge, debenture, bill of exchange, promissory note, guarantee, lien, pledge or other means of securing the payment of a debt, whether present or future, or the discharge of an obligation or liability, whether actual or contingent;

        undertaking of BNZ means the business and all of the property of BNZ (except any excluded assets and any right or power of BNZ relating to any excluded assets) vested in or belonging to or held by that bank immediately before the commencement time and all of the liabilities to which that bank is subject immediately before the commencement time.



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