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.