{"id":"nsw:act-1991-035","name":"Australia and New Zealand Banking Group Limited (NMRB) Act 1991","slug":"australia-and-new-zealand-banking-group-limited-nmrb-act-1991","collection":"act","jurisdiction":"nsw","status":"in_force","isInForce":true,"actNumber":"35 of 1991","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":175685,"registerId":"nsw-nsw:act-1991-035-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Part 1","sectionType":"part","heading":"Preliminary","content":"# Part 1 Preliminary\n\nPart 1 Preliminary","sortOrder":0},{"sectionNumber":"1","sectionType":"section","heading":"Name of Act and purpose","content":"#### 1 Name of Act and purpose\n\n1 Name of Act and purpose\n\n> > (1) This Act may be cited as the [Australia and New Zealand Banking Group Limited (NMRB) Act 1991](/view/html/inforce/current/act-1991-035).\n> \n> > (2) The purpose of this Act is to vest the undertaking of NMRB in ANZ and to vest part of the undertaking of NMR Savings Bank in ANZ and the other part in ANZ Savings Bank.","sortOrder":1},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"#### 2 Commencement\n\n2 Commencement\n\n> This Act commences on the date of assent.","sortOrder":2},{"sectionNumber":"3","sectionType":"section","heading":"Definitions","content":"#### 3 Definitions\n\n3 Definitions\n\n> > (1) In this Act:\n> > \n> > ANZ means Australia and New Zealand Banking Group Limited.\n> > \n> > ANZ Savings Bank means Australia and New Zealand Savings Bank Limited.\n> > \n> > appointed day means the day fixed under subsection (2).\n> > \n> > category A liabilities means the liabilities described in Part 1 of Schedule 1.\n> > \n> > category A property means the property described in Part 2 of Schedule 1.\n> > \n> > category A undertaking of NMR Savings Bank means all of the category A property vested in or belonging to or held by NMR Savings Bank immediately before the appointed day and all of the category A liabilities to which NMR Savings Bank is subject immediately before that day.\n> > \n> > category B undertaking of NMR Savings Bank means the business and all of the property of NMR Savings Bank (except any category A property and any right or power of NMR Savings Bank relating to any category A property and any excluded asset and any right or power of NMR Savings Bank relating to any excluded asset) vested in or belonging to or held by that bank immediately before the appointed day and all of the liabilities (except category A liabilities) to which NMR Savings Bank is subject immediately before that day.\n> > \n> > Chief Executive Officer , in relation to a bank, means the officer in charge of the day to day management of the affairs of that bank or a person appointed by the Chief Executive Officer in writing.\n> > \n> > excluded assets means:\n> > \n> > > (a) any document required to be kept by NMRB or by NMR Savings Bank under the [Corporations Law](/view/html/inforce/current/sl-1999-0703) of New South Wales or otherwise by law,\n> > \n> > > (b) any land which, immediately before the appointed day, is vested in, belongs to, or is held by, NMRB or NMR Savings Bank otherwise than by way of security and while so continuing to be vested in, belonging to, or held by, such bank after that day,\n> > \n> > > (c) shares (including redeemable preference shares) held by NMRB in:\n> > > \n> > > > (i) NMR Savings Bank,\n> > > \n> > > > (ii) ANZ Capel Court Limited,\n> > > \n> > > > (iii) NMRB Management Services Limited,\n> > > \n> > > > (iv) NMRB Investments Limited,\n> > > \n> > > > (v) NMRB Finance Limited,\n> > > \n> > > > (vi) RBC Australia Finance Limited,\n> > > \n> > > > (vii) Royaust Management Limited (in liquidation),\n> > > \n> > > > (viii) Royaust Properties Pty. Limited (in liquidation),\n> > > \n> > > > (ix) Funds Transfer Services (Australia) Limited, and\n> > > \n> > > > (x) The Yulara Development Company Limited, and\n> > \n> > > (d) shares held by NMR Savings Bank in:\n> > > \n> > > > (i) NMRB Insurance (Agents) Pty Limited,\n> > > \n> > > > (ii) NMRB Travel Services Pty Limited (in liquidation),\n> > > \n> > > > (iii) Ecomel Pty. Limited,\n> > > \n> > > > (iv) Elgeba Pty. Limited,\n> > > \n> > > > (v) Excelsior Holdings Pty. Limited (in liquidation), and\n> > > \n> > > > (vi) F.T.S. (N.S.W.) LTD.\n> > \n> > land includes any estate, interest or right (whether legal or equitable) in, over or under any real or leasehold property.\n> > \n> > liabilities includes duties and obligations of every description, whether actual, contingent or prospective, but does not include any duty or obligation relating to an excluded asset.\n> > \n> > NMRB means National Mutual Royal Bank Limited.\n> > \n> > NMR Savings Bank means National Mutual Royal Savings Bank Limited.\n> > \n> > property means property and assets of every description, and includes securities, rights and powers of every description.\n> > \n> > 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.\n> > \n> > undertaking of NMRB means the business and all of the property of NMRB (except any excluded asset and any right or power of NMRB relating to any excluded asset) vested in or belonging to or held by that bank immediately before the appointed day and all of the liabilities to which that bank is subject immediately before that day.\n> \n> > (2) The Governor may, by proclamation, appoint a day for the purposes of this Act.\n> > \n> > Editorial note—\n> > \n> > Day appointed for the purposes of this Act, 16.11.1991. See Gazette No 159 of 15.11.1991, p 9514.","sortOrder":3},{"sectionNumber":"4","sectionType":"section","heading":"Act binds the Crown","content":"#### 4 Act binds the Crown\n\n4 Act binds the Crown\n\n> This Act binds the Crown.","sortOrder":4},{"sectionNumber":"Part 2","sectionType":"part","heading":"Vesting of undertaking of NMRB in ANZ","content":"# Part 2 Vesting of undertaking of NMRB in ANZ\n\nPart 2 Vesting of undertaking of NMRB in ANZ","sortOrder":5},{"sectionNumber":"5","sectionType":"section","heading":"Vesting of undertaking","content":"#### 5 Vesting of undertaking\n\n5 Vesting of undertaking\n\n> > (1) On the appointed day the undertaking of NMRB is by virtue of this Act divested from NMRB and vested in ANZ.\n> \n> > (2) If any portion of the undertaking of NMRB cannot be vested in ANZ by virtue of this Act because transfer of that portion is governed otherwise than by the law of New South Wales, then NMRB must as soon as is practicable after the appointed day take all necessary steps for the purpose of securing that the portion is effectively transferred to ANZ.\n> \n> > (3) The production of a copy of this Act printed by the Government Printer is on and after the appointed day conclusive evidence in all courts and tribunals and proceedings of the transfer to and the vesting in ANZ of that part of the undertaking of NMRB affected by the operation of subsection (1).","sortOrder":6},{"sectionNumber":"6","sectionType":"section","heading":"Effect of contracts and instruments","content":"#### 6 Effect of contracts and instruments\n\n6 Effect of contracts and instruments\n\n> > (1) All contracts, agreements, conveyances, deeds, leases, licences and other instruments or undertakings entered into by or made with, or addressed to, NMRB (whether alone or with any other person) in force immediately before the appointed day are on and after that day to the extent that they were immediately before that day binding upon and enforceable by, or against, NMRB, binding and of full force and effect in every respect in favour of, or against, ANZ, as fully and effectually as if, instead of NMRB, ANZ had been a party thereto or bound thereby or entitled to the whole or any portion of the benefit thereof.\n> \n> > (2) Subsection (1) does not apply to any contract, agreement, conveyance, deed, lease, licence, instrument or undertaking relating to an excluded asset or to a provident, benefit, superannuation or retirement fund.\n> \n> > (3) A director, secretary or auditor of NMRB is not by virtue only of this Act a director, secretary or auditor (as the case may be) of ANZ.","sortOrder":7},{"sectionNumber":"7","sectionType":"section","heading":"Transitional provisions","content":"#### 7 Transitional provisions\n\n7 Transitional provisions\n\n> Without limiting sections 5 and 6, the following provisions have effect in relation to the banking business of NMRB:\n> \n> > (a) The relationship between NMRB and a customer or depositor at any office or branch or agency of that bank is, on and after the appointed day, between ANZ and that customer or depositor, and gives rise to the same rights and the same duties (including rights of set-off) as would have existed before that day if that relationship had been between ANZ and the customer or depositor, and so that any instruction, order, direction, mandate or authority given by that customer or depositor to NMRB and subsisting on or given after the appointed day is, unless and until revoked or cancelled, deemed to have been given to ANZ,\n> \n> > (b) Any security held by NMRB as security for the payment of debts or liabilities (whether present or future, certain or contingent) of any person is transferred or deemed to be transferred to ANZ on the appointed day, and must be held by and be available to ANZ as security for the payment of those debts and liabilities to ANZ and, where the security extends to future advances to, or to future liabilities of, that person, the security must, on and after that day, subject to any agreement between ANZ and that person, be held by and be available to ANZ as security for future advances to that person by, and future liabilities of that person to, ANZ, to the same extent to which future advances by, or liabilities to, NMRB were secured immediately before that day,\n> \n> > (c) ANZ is, in relation to any security transferred or deemed to have been transferred to it in accordance with, or by virtue of, this Act and the money thereby secured, entitled to the same rights and priorities and subject to the same obligations and incidents as NMRB would have been entitled and subject to, if the same had continued to be held by NMRB,\n> \n> > (d) The custody of any document, goods or thing held by NMRB as bailee for any other person at any office or branch or agency of NMRB is transferred or deemed to be transferred to ANZ on the appointed day, and the rights and obligations of NMRB under any contract of bailment relating to the document, goods or thing are transferred or deemed to be transferred on that day to ANZ,\n> \n> > (e) Any negotiable instrument or order for payment of money, whether drawn, given, accepted or endorsed before, on or after the appointed day, which is expressed to be drawn by, drawn on, or given to, or accepted or endorsed by NMRB, or payable at any place of business of NMRB has the same effect on and after the appointed day as if it had been drawn by, drawn on, or given to, or accepted or endorsed by, ANZ, or payable at the same place of business of ANZ.","sortOrder":8},{"sectionNumber":"8","sectionType":"section","heading":"Legal proceedings","content":"#### 8 Legal proceedings\n\n8 Legal proceedings\n\n> > (1) This section applies to:\n> > \n> > > (a) any action, arbitration or proceeding or cause of action, arbitration or proceeding which is on the appointed day pending or existing by, against, or in favour of, NMRB, and\n> > \n> > > (b) any cause of action, arbitration or proceeding by, against, or in favour of, NMRB, which arises after the appointed day in respect of a contract made by NMRB before the appointed day or which arises in respect of anything done or omitted to be done by NMRB before the appointed day,\n> > \n> > but does not apply to any action, arbitration or proceeding or to any cause of action, arbitration or proceeding relating to an excluded asset.\n> \n> > (2) Any action, arbitration or proceeding and any cause of action, arbitration or proceeding to which this section applies, is not abated or discontinued or in any way prejudicially affected by reason of this Act, but the same may, without any further act, deed or instrument other than any appropriate amendment of the records of the relevant court or tribunal, be prosecuted and continued and enforced by, against, or in favour of, ANZ, in its own name as and when it might have been prosecuted, continued and enforced by, against, or in favour of, NMRB if this Act had not been enacted.\n> \n> > (3) Despite subsection (2), the court, tribunal or other person making or entering any judgment, order or award for the payment of any sum of money, whether ascertained or to be ascertained, against ANZ in any action, arbitration or proceeding to which this section applies must, at the request of any party in whose favour the judgment, order or award is being made or entered, make or enter the judgment, order or award against both NMRB and ANZ, and the judgment, order or award may, when so made or entered, be enforced against both NMRB and ANZ.","sortOrder":9},{"sectionNumber":"9","sectionType":"section","heading":"Amendment of documents","content":"#### 9 Amendment of documents\n\n9 Amendment of documents\n\n> > (1) Any party to any action, arbitration or proceeding relating to an excluded asset is entitled at any stage thereof to amend any writ, pleading or other document filed by the party in the action, arbitration or proceeding by substituting therein for the name of ANZ the name of NMRB as party.\n> \n> > (2) No order is to be made against any party so amending to pay to ANZ or to NMRB any costs occasioned by that amendment.\n> \n> > (3) The action, arbitration or proceeding is to be continued as if NMRB had originally been made a party thereto.","sortOrder":10},{"sectionNumber":"10","sectionType":"section","heading":"Evidence","content":"#### 10 Evidence\n\n10 Evidence\n\n> > (1) Any book or document which, if this Act had not been enacted, would have been evidence in respect of any matter for or against NMRB is, on and after the appointed day, to be admissible in evidence in respect of the same matter for or against ANZ.\n> \n> > (2), (3) (Repealed)\n> \n> **s 10:** Am 1995 No 27, Sch 1.","sortOrder":11},{"sectionNumber":"11","sectionType":"section","heading":"Construction of references","content":"#### 11 Construction of references\n\n11 Construction of references\n\n> If any Act (other than this Act) or any document whenever made or executed (other than a document constituting or relating to a provident, benefit, superannuation or retirement fund) or any register established or kept under any Act contains any reference express or implied to NMRB, the reference is, on and after the appointed day, to be read and construed as a reference to ANZ, except to the extent that the reference is in relation to an excluded asset or unless the context otherwise requires.","sortOrder":12},{"sectionNumber":"Part 3","sectionType":"part","heading":"Vesting of undertaking of NMR Savings Bank in ANZ Savings Bank and ANZ","content":"# Part 3 Vesting of undertaking of NMR Savings Bank in ANZ Savings Bank and ANZ\n\nPart 3 Vesting of undertaking of NMR Savings Bank in ANZ Savings Bank and ANZ","sortOrder":13},{"sectionNumber":"12","sectionType":"section","heading":"Vesting of undertaking","content":"#### 12 Vesting of undertaking\n\n12 Vesting of undertaking\n\n> > (1) On the appointed day the category A undertaking of NMR Savings Bank is by virtue of this Act divested from NMR Savings Bank and vested in ANZ Savings Bank and the category B undertaking of NMR Savings Bank is by virtue of this Act divested from NMR Savings Bank and vested in ANZ.\n> \n> > (2) If any portion of the category A undertaking of NMR Savings Bank cannot be vested in ANZ Savings Bank by virtue of this Act because transfer of that portion is governed otherwise than by the law of New South Wales, then NMR Savings Bank must as soon as is practicable after the appointed day take all necessary steps for the purpose of securing that the portion is effectively transferred to ANZ Savings Bank.\n> \n> > (3) If any portion of the category B undertaking of NMR Savings Bank cannot be vested in ANZ by virtue of this Act because transfer of that portion is governed otherwise than by the law of New South Wales, then NMR Savings Bank must as soon as is practicable after the appointed day take all necessary steps for the purpose of securing that the portion is effectively transferred to ANZ.\n> \n> > (4) The production of a copy of this Act printed by the Government Printer is on and after the appointed day conclusive evidence in all courts and tribunals and proceedings of the transfer to and the vesting in ANZ Savings Bank of that part of the category A undertaking of NMR Savings Bank affected by the operation of subsection (1).\n> \n> > (5) The production of a copy of this Act printed by the Government Printer is on and after the appointed day conclusive evidence in all courts and tribunals and proceedings of the transfer to and the vesting in ANZ of that part of the category B undertaking of NMR Savings Bank affected by the operation of subsection (1).","sortOrder":14},{"sectionNumber":"13","sectionType":"section","heading":"Effect of contracts and instruments","content":"#### 13 Effect of contracts and instruments\n\n13 Effect of contracts and instruments\n\n> > (1) All contracts, agreements, conveyances, deeds, leases, licences and other instruments or undertakings concerning or relating to the category A undertaking of NMR Savings Bank and entered into by, or made with, or addressed to, NMR Savings Bank (whether alone or with any other person) in force immediately before the appointed day are on and after that day to the extent that they were immediately before that day binding upon and enforceable by, or against, NMR Savings Bank, binding and of full force and effect in every respect in favour of, or against, ANZ Savings Bank, as fully and effectually as if, instead of NMR Savings Bank, ANZ Savings Bank had been a party thereto or bound thereby or entitled to the whole or any portion of the benefit thereof.\n> \n> > (2) All contracts, agreements, conveyances, deeds, leases, licences and other instruments or undertakings concerning or relating to the category B undertaking of NMR Savings Bank and entered into by, or made with, or addressed to, NMR Savings Bank (whether alone or with any other person) in force immediately before the appointed day are on and after that day to the extent that they were immediately before that day binding upon and enforceable by, or against, NMR Savings Bank, binding and of full force and effect in every respect in favour of, or against, ANZ as fully and effectually as if, instead of NMR Savings Bank, ANZ had been a party thereto or bound thereby or entitled to the whole or any portion of the benefit thereof.\n> \n> > (3) Subsections (1) and (2) do not apply to any contract, agreement, conveyance, deed, lease, licence, instrument or undertaking relating to an excluded asset.\n> \n> > (4) A director, secretary or auditor of NMR Savings Bank is not by virtue only of this Act a director, secretary or auditor (as the case may be) of ANZ Savings Bank or ANZ.","sortOrder":15},{"sectionNumber":"14","sectionType":"section","heading":"Transitional provisions","content":"#### 14 Transitional provisions\n\n14 Transitional provisions\n\n> > (1) Without limiting sections 12 and 13, and subject to subsections (3) and (4), the following provisions have effect in relation to the banking business of NMR Savings Bank:\n> > \n> > > (a) The relationship between NMR Savings Bank and a customer or depositor at any office or branch or agency of that bank is, to the extent that it relates to the category A undertaking of NMR Savings Bank, on and after the appointed day, between ANZ Savings Bank and that customer or depositor, and gives rise to the same rights and the same duties (including rights of set-off) as would have existed before that day if that relationship had been between ANZ Savings Bank and the customer or depositor, and so that any instruction, order, direction, mandate or authority given by that customer or depositor to NMR Savings Bank and subsisting on or given after the appointed day, is, unless and until revoked or cancelled, deemed to have been given to ANZ Savings Bank,\n> > \n> > > (b) Any security held by NMR Savings Bank as security for the payment of debts or liabilities (whether present or future, certain or contingent) of any person and which forms part of the category A undertaking of NMR Savings Bank is transferred or deemed to be transferred to ANZ Savings Bank on the appointed day, and must be held by and be available to ANZ Savings Bank as security for the payment of those debts and liabilities to ANZ Savings Bank and, where the security extends to future advances to, or to future liabilities of, that person, the security must, on and after that day, subject to any agreement between ANZ Savings Bank and that person, be held by and be available to ANZ Savings Bank as security for future advances to that person by, and future liabilities of that person to, ANZ Savings Bank, to the same extent to which future advances by, or liabilities to, NMR Savings Bank were secured immediately before that day,\n> > \n> > > (c) ANZ Savings Bank is, in relation to any security transferred or deemed to have been transferred to it in accordance with, or by virtue of, this Act and the money thereby secured, entitled to the same rights and priorities and subject to the same obligations and incidents as NMR Savings Bank would have been entitled and subject to, if the same had continued to be held by NMR Savings Bank,\n> > \n> > > (d) The custody of any document, goods or thing held by NMR Savings Bank as bailee for any other person at any office or branch or agency of NMR Savings Bank and which relates to or forms part of the category A undertaking of NMR Savings Bank, is transferred or deemed to be transferred to ANZ Savings Bank on the appointed day, and the rights and obligations of NMR Savings Bank under any contract of bailment relating to the document, goods or thing are transferred or deemed to be transferred on that day to ANZ Savings Bank,\n> > \n> > > (e) Any negotiable instrument or order for payment of money which relates to or forms part of the category A undertaking of NMR Savings Bank, whether drawn, given, accepted or endorsed before, on or after the appointed day, which is expressed to be drawn by, drawn on, or given to, or accepted or endorsed by, NMR Savings Bank, or payable at any place of business of NMR Savings Bank has the same effect on and after the appointed day as if it had been drawn by, drawn on, or given to, or accepted or endorsed by, ANZ Savings Bank, or payable at the same place of business of ANZ Savings Bank.\n> \n> > (2) Without limiting sections 12 and 13, and subject to subsections (3) and (4), the following provisions have effect in relation to the banking business of NMR Savings Bank:\n> > \n> > > (a) The relationship between NMR Savings Bank and a customer or depositor at any office or branch or agency of that bank is, to the extent that it relates to the category B undertaking of NMR Savings Bank, on and after the appointed day, between ANZ and that customer or depositor, and gives rise to the same rights and the same duties (including rights of set-off) as would have existed before that day if that relationship had been between ANZ and the customer or depositor, and so that any instruction, order, direction, mandate or authority given by that customer or depositor to NMR Savings Bank and subsisting on or given after the appointed day, is, unless and until revoked or cancelled, deemed to have been given to ANZ,\n> > \n> > > (b) Any security held by NMR Savings Bank as security for the payment of debts or liabilities (whether present or future, certain or contingent) of any person and which forms part of the category B undertaking of NMR Savings Bank is transferred or deemed to be transferred to ANZ on the appointed day, and must be held by and be available to ANZ as security for the payment of those debts and liabilities to ANZ and, where the security extends to future advances to, or to future liabilities of, that person, the security must, on and after that day, subject to any agreement between ANZ and that person, be held by and be available to ANZ as security for future advances to that person by, and future liabilities of that person to, ANZ, to the same extent to which future advances by, or liabilities to, NMR Savings Bank were secured immediately before that day,\n> > \n> > > (c) ANZ is, in relation to any security transferred or deemed to have been transferred to it in accordance with, or by virtue of, this Act and the money thereby secured, entitled to the same rights and priorities and subject to the same obligations and incidents as NMR Savings Bank would have been entitled and subject to, if the same had continued to be held by NMR Savings Bank,\n> > \n> > > (d) The custody of any document, goods or thing held by NMR Savings Bank as bailee for any other person at any office or branch or agency of NMR Savings Bank and which relates to or forms part of the category B undertaking of NMR Savings Bank, is transferred or deemed to be transferred to ANZ on the appointed day, and the rights and obligations of NMR Savings Bank under any contract of bailment relating to the document, goods or thing are transferred or deemed to be transferred on that day to ANZ,\n> > \n> > > (e) Any negotiable instrument or order for payment of money which relates to or forms part of the category B undertaking of NMR Savings Bank, whether drawn, given, accepted or endorsed before, on or after the appointed day, which is expressed to be drawn by, drawn on, or given to, or accepted or endorsed by, NMR Savings Bank, or payable at any place of business of NMR Savings Bank has the same effect on or after the appointed day as if it had been drawn by, drawn on, or given to, or accepted or endorsed by ANZ, or payable at the same place of business of ANZ.\n> \n> > (3) In cases where a security is transferred to ANZ Savings Bank pursuant to subsection (1) and it also secures or is liable to secure the payment of a debt (whether present or future) or the discharge of an obligation or liability (whether actual or contingent), in either case which forms part of the category B undertaking of NMR Savings Bank, the security will be held by ANZ Savings Bank as trustee for both ANZ Savings Bank and ANZ as security for the respective amounts owing to ANZ Savings Bank and ANZ from time to time.\n> \n> > (4) In cases where a security is transferred to ANZ pursuant to subsection (2) and it also secures or is liable to secure the payment of a debt (whether present or future) or the discharge of an obligation or liability (whether actual or contingent), in either case which forms part of the category A undertaking of NMR Savings Bank, the security will be held by ANZ as trustee for both ANZ and ANZ Savings Bank as security for the respective amounts owing to ANZ and ANZ Savings Bank from time to time.","sortOrder":16},{"sectionNumber":"15","sectionType":"section","heading":"Legal proceedings—the category A undertaking of NMR Savings Bank","content":"#### 15 Legal proceedings—the category A undertaking of NMR Savings Bank\n\n15 Legal proceedings—the category A undertaking of NMR Savings Bank\n\n> > (1) This section applies to:\n> > \n> > > (a) any action, arbitration or proceeding or cause of action, arbitration or proceeding which is on the appointed day pending or existing by, against, or in favour of, NMR Savings Bank in relation to the category A undertaking of NMR Savings Bank, and\n> > \n> > > (b) any cause of action, arbitration or proceeding by, against, or in favour of, NMR Savings Bank, which arises after the appointed day in respect of a contract made by NMR Savings Bank before the appointed day or which arises in respect of anything done or omitted to be done by NMR Savings Bank before the appointed day in either case in relation to the category A undertaking of NMR Savings Bank,\n> > \n> > but does not apply to any action, arbitration or proceeding or to any cause of action, arbitration or proceeding relating to an excluded asset.\n> \n> > (2) Any action, arbitration or proceeding and any cause of action, arbitration or proceeding to which this section applies, is not abated or discontinued or in any way prejudicially affected by reason of this Act, but the same may, without any further act, deed or instrument other than any appropriate amendment of the records of the relevant court or tribunal, be prosecuted and continued and enforced by, against, or in favour of, ANZ Savings Bank, in its own name as and when it might have been prosecuted, continued and enforced by, against, or in favour of, NMR Savings Bank if this Act had not been enacted.\n> \n> > (3) Despite subsection (2), the court, tribunal or other person making or entering any judgment, order or award for the payment of any sum of money, whether ascertained or to be ascertained, against ANZ Savings Bank in any action, arbitration or proceeding to which this section applies must, at the request of any party in whose favour the judgment, order or award is being made or entered, make or enter the judgment, order or award against both NMR Savings Bank and ANZ Savings Bank, and the judgment, order or award may, when so made or entered, be enforced against both NMR Savings Bank and ANZ Savings Bank.","sortOrder":17},{"sectionNumber":"16","sectionType":"section","heading":"Legal proceedings—the category B undertaking of NMR Savings Bank","content":"#### 16 Legal proceedings—the category B undertaking of NMR Savings Bank\n\n16 Legal proceedings—the category B undertaking of NMR Savings Bank\n\n> > (1) This section applies to:\n> > \n> > > (a) any action, arbitration or proceeding or cause of action, arbitration or proceeding which is on the appointed day pending or existing by, against, or in favour of, NMR Savings Bank in relation to the category B undertaking of NMR Savings Bank, and\n> > \n> > > (b) any cause of action, arbitration or proceeding by, against, or in favour of, NMR Savings Bank, which arises after the appointed day in respect of a contract made by NMR Savings Bank before the appointed day or which arises in respect of anything done or omitted to be done by NMR Savings Bank before the appointed day in either case in relation to the category B undertaking of NMR Savings Bank,\n> > \n> > but does not apply to any action, arbitration or proceeding or to any cause of action, arbitration or proceeding relating to an excluded asset.\n> \n> > (2) Any action, arbitration or proceeding and any cause of action, arbitration or proceeding to which this section applies, is not abated or discontinued or in any way prejudicially affected by reason of this Act, but the same may, without any further act, deed or instrument other than any appropriate amendment of the records of the relevant court or tribunal, be prosecuted and continued and enforced by, against, or in favour of, ANZ, in its own name as and when it might have been prosecuted, continued and enforced by, against, or in favour of, NMR Savings Bank if this Act had not been enacted.\n> \n> > (3) Despite subsection (2), the court, tribunal or other person making or entering any judgment, order or award for the payment of any sum of money, whether ascertained or to be ascertained, against ANZ in any action, arbitration or proceeding to which this section applies must, at the request of any party in whose favour the judgment, order or award is being made or entered, make or enter the judgment, order or award against both NMR Savings Bank and ANZ, and the judgment, order or award may, when so made or entered, be enforced against both NMR Savings Bank and ANZ.","sortOrder":18},{"sectionNumber":"17","sectionType":"section","heading":"Amendment of documents","content":"#### 17 Amendment of documents\n\n17 Amendment of documents\n\n> > (1) Any party to any action, arbitration or proceeding relating to an excluded asset is entitled at any stage thereof to amend any writ, pleading or other document filed by the party in the action, arbitration or proceeding by substituting therein for the name of ANZ Savings Bank or ANZ the name of NMR Savings Bank as party.\n> \n> > (2) No order is to be made against any party so amending to pay to ANZ Savings Bank or to ANZ or to NMR Savings Bank any costs occasioned by that amendment.\n> \n> > (3) The action, arbitration or proceeding is to be continued as if NMR Savings Bank had originally been made a party thereto.","sortOrder":19},{"sectionNumber":"18","sectionType":"section","heading":"Evidence—the category A undertaking of NMR Savings Bank","content":"#### 18 Evidence—the category A undertaking of NMR Savings Bank\n\n18 Evidence—the category A undertaking of NMR Savings Bank\n\n> > (1) Any book or document which, if this Act had not been enacted, would have been evidence in respect of any matter for or against NMR Savings Bank in relation to the category A undertaking of NMR Savings Bank is, on and after the appointed day, to be admissible in evidence in respect of the same matter for or against ANZ Savings Bank.\n> \n> > (2) Without limiting subsection (1), the bankers’ books of NMR Savings Bank are for the purposes of Part 4 of the [Evidence Act 1898](/view/pdf/asmade/act-1898-11) deemed to be bankers’ books used in the ordinary business of ANZ Savings Bank.\n> \n> > (3) For the purposes of this section, bankers’ books has the same meaning as in the [Evidence Act 1898](/view/pdf/asmade/act-1898-11).","sortOrder":20},{"sectionNumber":"19","sectionType":"section","heading":"Evidence—the category B undertaking of NMR Savings Bank","content":"#### 19 Evidence—the category B undertaking of NMR Savings Bank\n\n19 Evidence—the category B undertaking of NMR Savings Bank\n\n> > (1) Any book or document which, if this Act had not been enacted, would have been evidence in respect of any matter for or against NMR Savings Bank in relation to the category B undertaking of NMR Savings Bank is, on and after the appointed day, to be admissible in evidence in respect of the same matter for or against ANZ.\n> \n> > (2) Without limiting subsection (1), the bankers’ books of NMR Savings Bank are for the purposes of Part 4 of the [Evidence Act 1898](/view/pdf/asmade/act-1898-11) deemed to be bankers’ books used in the ordinary business of ANZ.\n> \n> > (3) For the purposes of this section, bankers’ books has the same meaning as in the [Evidence Act 1898](/view/pdf/asmade/act-1898-11).","sortOrder":21},{"sectionNumber":"20","sectionType":"section","heading":"Construction of references","content":"#### 20 Construction of references\n\n20 Construction of references\n\n> If any Act (other than this Act) or any document whenever made or executed or any register established or kept under any Act contains any reference express or implied to NMR Savings Bank or any body set out in Schedule 2, the reference is, on and after the appointed day, to be read and construed as a reference to ANZ Savings Bank to the extent that the reference relates to the category A undertaking of NMR Savings Bank and to be read and construed as a reference to ANZ in all other cases, except to the extent that the reference is in relation to an excluded asset or unless the context otherwise requires.","sortOrder":22},{"sectionNumber":"Part 4","sectionType":"part","heading":"General","content":"# Part 4 General\n\nPart 4 General","sortOrder":23},{"sectionNumber":"21","sectionType":"section","heading":"Effect of things done under this Act","content":"#### 21 Effect of things done under this Act\n\n21 Effect of things done under this Act\n\n> Nothing effected by this Act or done or suffered by NMRB, NMR Savings Bank, ANZ or ANZ Savings Bank under this Act:\n> \n> > (a) is to be regarded as placing any of them in breach of contract or confidence or as otherwise making any of them guilty of a civil wrong, or\n> \n> > (b) is to be regarded as placing any of them in breach of or as constituting a default under any Act or other law or any provision in any agreement, arrangement or understanding including, without limiting the generality of the foregoing, any provision prohibiting, restricting or regulating the assignment or transfer of any property or the disclosure of any information, or\n> \n> > (c) is to be regarded as fulfilling any condition which allows a person to terminate any agreement or liability, or\n> \n> > (d) releases any surety or other obligee wholly or in part from any liability.","sortOrder":24},{"sectionNumber":"22","sectionType":"section","heading":"Service of documents","content":"#### 22 Service of documents\n\n22 Service of documents\n\n> > (1) Service of a document:\n> > \n> > > (a) on ANZ is deemed to be service on NMRB except where the document relates to the category B undertaking of NMR Savings Bank, in which case it shall be deemed to be service on NMR Savings Bank,\n> > \n> > > (b) on NMRB is deemed to be service on ANZ,\n> > \n> > > (c) on ANZ Savings Bank is deemed to be service on NMR Savings Bank,\n> > \n> > > (d) on NMR Savings Bank is deemed to be service on ANZ Savings Bank where the document relates to the category A undertaking of NMR Savings Bank and to be service on ANZ in any other case.\n> \n> > (2) Paragraph (a) of subsection (1) ceases to have any force and effect in relation to NMRB upon NMRB ceasing to be a subsidiary of ANZ within the meaning of section 9 of the [Corporations Law](/view/html/inforce/current/sl-1999-0703) of New South Wales.\n> \n> > (3) Paragraph (b) of subsection (1) ceases to have any force and effect upon NMRB ceasing to be a subsidiary of ANZ within the meaning of section 9 of the [Corporations Law](/view/html/inforce/current/sl-1999-0703) of New South Wales.\n> \n> > (4) Paragraph (a) of subsection (1) ceases to have any force and effect in relation to NMR Savings Bank upon NMR Savings Bank ceasing to be a subsidiary of ANZ within the meaning of section 9 of the [Corporations Law](/view/html/inforce/current/sl-1999-0703) of New South Wales.\n> \n> > (5) Paragraphs (c) and (d) of subsection (1) cease to have any force and effect upon NMR Savings Bank ceasing to be a subsidiary of ANZ within the meaning of section 9 of the [Corporations Law](/view/html/inforce/current/sl-1999-0703) of New South Wales.","sortOrder":25},{"sectionNumber":"23","sectionType":"section","heading":"Excluded assets","content":"#### 23 Excluded assets\n\n23 Excluded assets\n\n> > (1) No person dealing:\n> > \n> > > (a) with ANZ or NMRB (in any capacity whatsoever), or\n> > \n> > > (b) with ANZ Savings Bank or ANZ or NMR Savings Bank (in any capacity whatsoever),\n> > \n> > nor the Registrar-General, nor any other person registering or certifying title to land or having the power or duty to examine or receive evidence as to title to land, is, in respect of any dealing or transaction entered into or purporting to be entered into by ANZ, NMRB, ANZ Savings Bank or NMR Savings Bank, to be concerned to see, or inquire into, whether any property the subject of the dealing or transaction (whether or not that property is land) is an excluded asset, or be affected by any notice, express, implied or constructive, that any such property is an excluded asset.\n> \n> > (2) If any dealing or transaction is entered into by ANZ or ANZ Savings Bank with any person, in relation to or in connection with an excluded asset, it is to be deemed in favour of that person that ANZ or ANZ Savings Bank, as the case may be, has full power and authority to enter into that dealing or transaction as if the excluded asset had vested in ANZ or ANZ Savings Bank, as the case may be, under this Act.\n> \n> > (3) Nothing in this section affects the liability of ANZ to NMRB, or of ANZ Savings Bank or ANZ to NMR Savings Bank, in respect of anything done, or purporting to be done, by ANZ or ANZ Savings Bank, as the case may be, in relation to or in connection with an excluded asset.","sortOrder":26},{"sectionNumber":"24","sectionType":"section","heading":"The category A undertaking of NMR Savings Bank and the category B undertaking of NMR Savings Bank","content":"#### 24 The category A undertaking of NMR Savings Bank and the category B undertaking of NMR Savings Bank\n\n24 The category A undertaking of NMR Savings Bank and the category B undertaking of NMR Savings Bank\n\n> The Chief Executive Officer of ANZ may, by certificate signed by the Chief Executive Officer, certify any matter in relation to the operation of this Act and, in particular, may certify:\n> \n> > (a) whether specified property or liabilities formed or did not form on the appointed day part of the category A undertaking of NMR Savings Bank, and\n> \n> > (b) whether specified property or liabilities formed or did not form on the appointed day part of the category B undertaking of NMR Savings Bank.","sortOrder":27},{"sectionNumber":"25","sectionType":"section","heading":"Interests in land","content":"#### 25 Interests in land\n\n25 Interests in land\n\n> No person dealing with ANZ or ANZ Savings Bank (in any capacity whatsoever), nor the Registrar-General, nor any other person registering or certifying title to land or having the power or duty to examine or receive evidence as to title to land, is, in respect of any dealing or transaction in relation to land entered into or purporting to be entered into by ANZ or ANZ Savings Bank, where the registered proprietor of that land is NMRB or NMR Savings Bank or any body set out in Schedule 2, to be concerned to see, or inquire into, whether the land has vested in ANZ or ANZ Savings Bank.","sortOrder":28},{"sectionNumber":"26","sectionType":"section","heading":"Certificates in relation to charges","content":"#### 26 Certificates in relation to charges\n\n26 Certificates in relation to charges\n\n> > (1) Section 268 (1) of the [Corporations Law](/view/html/inforce/current/sl-1999-0703) of New South Wales is to be taken to have been complied with in respect of all charges of which ANZ becomes the holder by virtue of this Act if there is lodged with the Australian Securities and Investments Commission a certificate signed by the Chief Executive Officer of ANZ stating that by virtue of this Act the undertaking of NMRB and part of the undertaking of NMR Savings Bank have become vested in ANZ.\n> \n> > (2) Section 268 (1) of the [Corporations Law](/view/html/inforce/current/sl-1999-0703) of New South Wales is to be taken to have been complied with in respect of all charges of which ANZ Savings Bank becomes the holder by virtue of this Act if there is lodged with the Australian Securities and Investments Commission a certificate signed by the Chief Executive Officer of ANZ Savings Bank stating that by virtue of this Act part of the undertaking of NMR Savings Bank has become vested in ANZ Savings Bank.\n> \n> **s 26:** Am 2017 No 22, Sch 2.1.","sortOrder":29},{"sectionNumber":"27","sectionType":"section","heading":"Other property","content":"#### 27 Other property\n\n27 Other property\n\n> > (1) Where:\n> > \n> > > (a) any property (other than property to which section 25 or 26 applies) becomes, under this Act, the property of ANZ, and\n> > \n> > > (b) any person or authority has, under any law of this State, responsibility for keeping a register in respect of property of that kind,\n> > \n> > then:\n> > \n> > > (c) any requirement of that law relating to the transfer of such property from one person to another shall be taken to have been complied with if there is lodged with that person or authority a certificate signed by the Chief Executive Officer of ANZ stating that by virtue of this Act the undertaking of NMRB and the category B undertaking of NMR Savings Bank have become vested in ANZ, and\n> > \n> > > (d) that person or authority, on being requested to do so and on delivery of any relevant instrument, must make any amendments to the register which are necessary to make it accurately reflect the effect of this Act.\n> \n> > (2) Where:\n> > \n> > > (a) any property (other than property to which section 25 or 26 applies) becomes, under this Act, the property of ANZ Savings Bank, and\n> > \n> > > (b) any person or authority has, under any law of this State, responsibility for keeping a register in respect of property of that kind,\n> > \n> > then:\n> > \n> > > (c) any requirement of that law relating to the transfer of such property from one person to another shall be taken to have been complied with if there is lodged with that person or authority a certificate signed by the Chief Executive Officer of ANZ Savings Bank stating that by virtue of this Act the category A undertaking of NMR Savings Bank has become vested in ANZ Savings Bank, and\n> > \n> > > (d) that person or authority, on being requested to do so and on delivery of any relevant instrument, must make any amendments to the register which are necessary to make it accurately reflect the effect of this Act.","sortOrder":30},{"sectionNumber":"28","sectionType":"section","heading":"Certificates conclusive","content":"#### 28 Certificates conclusive\n\n28 Certificates conclusive\n\n> > (1) For all purposes and in all courts, tribunals and proceedings, a certificate under this Act is conclusive evidence of the matters certified, except so far as the contrary is established.\n> \n> > (2) A document purporting to be a certificate under this Act is, unless the contrary is established, taken to be such a certificate and to have been properly given.","sortOrder":31},{"sectionNumber":"29","sectionType":"section","heading":"Leases, licences and other agreements","content":"#### 29 Leases, licences and other agreements\n\n29 Leases, licences and other agreements\n\n> > (1) Where, under the provisions of a lease, licence or other agreement, NMRB or NMR Savings Bank has rights in respect of the occupation or use of land, those rights may, notwithstanding that there has been no assignment, transfer, underletting or other disposition by NMRB or NMR Savings Bank, be exercised by ANZ or ANZ Savings Bank.\n> \n> > (2) For the purposes of a lease, licence or other agreement relating to the occupation or use of land, NMRB or NMR Savings Bank does not part with possession of land by permitting ANZ or ANZ Savings Bank to exercise rights under subsection (1) in respect of the land.","sortOrder":32},{"sectionNumber":"30","sectionType":"section","heading":"Application of banking laws","content":"#### 30 Application of banking laws\n\n30 Application of banking laws\n\n> Nothing in this Act exempts ANZ or ANZ Savings Bank from the provisions of any Act relating to companies carrying on the business of banking.","sortOrder":33},{"sectionNumber":"31","sectionType":"section","heading":"Exemption from duties and other charges","content":"#### 31 Exemption from duties and other charges\n\n31 Exemption from duties and other charges\n\n> > (1) Notwithstanding section 30 or anything to the contrary in any other Act or law, no tax (including tax imposed by the [Debits Tax Act 1990](/view/html/repealed/current/act-1990-112)), fee, duty, levy or charge of any kind is chargeable or payable on any instrument, certificate or document (including this Act) or in respect of any act or transaction executed, done, suffered or entered into for a purpose connected with, or arising out of, the operation or effect of this Act or of any corresponding law of another State or Territory.\n> \n> > (2) This section does not apply to any fee or charge payable to the Registrar-General in respect of any act, dealing or other transaction relating to land.","sortOrder":34},{"sectionNumber":"Schedule 1","sectionType":"schedule","heading":"Assets and liabilities","content":"# Schedule 1 Assets and liabilities\n\nSchedule 1 Assets and liabilities\n\n(Section 3 (1))","sortOrder":35},{"sectionNumber":"Schedule 2","sectionType":"schedule","heading":"Previous building societies","content":"# Schedule 2 Previous building societies\n\nSchedule 2 Previous building societies\n\n(Sections 20, 25)\n\nUnited Permanent Building Society Ltd. (previously known as United-Parramatta Permanent Building Society Limited)  \nUnited Permanent Building Society Limited (previously known as Northern Districts Permanent Co-operative Building & Investment Society Limited and United Permanent Co-operative Building & Investment Society Limited)  \nParramatta Permanent Building Society Limited (previously known as Parramatta & District Co-operative Building & Investment Society Limited and Parramatta & District Co-operative Permanent Building & Investment Society Limited)  \nFlinders Building Society Limited (previously known as Flinders Permanent Building Society Limited)  \nKembla & District Co-operative Building Society Limited (previously known as Kembla & District Permanent Co-operative Building Society Limited)  \nServicemen’s & Citizens’ Permanent Building Society Limited (previously known as Servicemen’s & Citizens’ Permanent Co-operative Building Society Limited)  \nCity & Country Permanent Building Society Limited (previously known as Country Permanent Co-operative Building Society Limited and Tamworth & District Permanent Building & Investment Society Limited)  \nKeystone Permanent Building Society Limited  \nKuringai & Warringah Building Society Limited  \nNorth Coast Permanent Building Society Limited (previously known as Lismore Permanent Building Society Limited and Lismore Permanent Co-operative Building Society Limited)  \nFamily Permanent Building Society Limited (previously known as Kogarah Permanent Building Society Limited)  \nFidelity Permanent Building Society of NSW Limited","sortOrder":38}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"flash_summary":{"complexity_score":5,"scope_assessment":{"changed":false,"description":"The Act implements its stated purpose (s1(2)) by vesting undertakings and providing incidental powers for continuity, certification and registration. There is no textual indication it expands beyond transferring business, property, liabilities and the attendant procedural and administrative adjustments necessary to give effect to those transfers."},"complexity_factors":["Dual vesting structure with a split undertaking (NMRB → ANZ; NMR Savings Bank category A → ANZ Savings Bank, category B → ANZ) creating allocation and mapping tasks (ss5, 12).","Detailed definitions and carve-outs (excluded assets, property, liabilities, security) that determine what transfers and what remains with the transferor (s3; Schedules 1–2).","Continuity of contracts, customer relationships, securities and priorities requires legal treatment of existing agreements, set-off rights and bailments (ss6–7, 13–14).","Legal proceedings continuity and potential joint judgments against both transferor and transferee introduce litigation coordination issues (ss8, 15–16).","Trust arrangements where a single security covers assets allocated to both transferees require trustee holding and apportionment (s14(3)–(4)).","CEO certificates are conclusive evidence of matters certified, shifting evidentiary burdens and placing weight on executive attestations (ss24, 26, 28).","Administrative obligations on third‑party registries to accept certificates in lieu of formal transfer steps, and to amend registers on request, impose operational tasks on registrars (s27).","Service and notice rules alter who is deemed served and include sunset conditions tied to subsidiary status under the Corporations Law, affecting ongoing communications (s22).","Carve‑outs and amendment rights permit parties in excluded‑asset litigation to substitute the original bank’s name, creating asymmetric procedural options (ss9, 17, 23).","Fiscal and regulatory interactions: explicit exemption from taxes, duties and fees for instruments connected to the Act (with a Registrar‑General exception), and cross‑references to the Corporations Law and Evidence Act, require reconciliations across statutes (s31; ss3, 18–19, 26).","Compliance burden where transfers are governed by foreign or non‑NSW law imposes an active duty on the transferor to take steps to secure effective transfers (ss5(2), 12(2)–(3))."],"plain_english_summary":"This Act transfers the business, assets and liabilities (the “undertakings”) of National Mutual Royal Bank Ltd (NMRB) to Australia and New Zealand Banking Group Ltd (ANZ), and splits National Mutual Royal Savings Bank Ltd’s business into category A (to ANZ Savings Bank) and category B (to ANZ). It moves contracts, securities, customer relationships and ongoing legal proceedings to the transferees, empowers CEO certificates as prima facie proof of vesting, and exempts related instruments from duties. The stated purpose is to vest those undertakings (s1(2))."},"issue_detection":{"absurdities":[],"contradictions":[]},"kimi_summary":{"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":false,"description":"The legislation remains tightly focused on its original purpose: facilitating the specific banking merger between NMRB/NMR Savings Bank and ANZ/ANZ Savings Bank. While the Act contains detailed operational provisions (banking relationships, securities, evidence rules), these are all ancillary mechanisms necessary to effect the core transfer. There is no significant mission creep or expansion beyond the original banking merger intent."},"complexity_factors":["Bifurcated transfer structure: splits NMR Savings Bank into two distinct categories (A and B) with separate vesting destinations, requiring parallel but distinct legal mechanisms throughout","Extensive cross-referencing between Parts 2 and 3: nearly identical provisions repeated for NMRB→ANZ transfer and the split NMR Savings Bank transfers, creating redundancy but also potential for subtle divergence","Nested conditional logic in definitions: 'category B undertaking' defined by exclusion (everything except category A property, excluded assets, and related rights/powers)","18 defined terms in section 3, including recursive definitions where 'undertaking' incorporates other defined terms","Dual trustee arrangements for overlapping securities: sections 14(3)-(4) create complex trust structures where one bank holds security as trustee for both itself and the other bank","Conditional service of documents rules in section 22 with five sunset clauses tied to subsidiary status under Corporations Law","Schedule 1 contains detailed computer code mappings for account types, creating technical specificity that binds operational systems to legal categories","Interaction with external statutes: explicit references to Corporations Law (NSW), Evidence Act 1898, and Debits Tax Act 1990"],"plain_english_summary":"This Act is a **corporate takeover law** from 1991 that authorised the **merger of two banks into the ANZ Banking Group**.\n\n**What it does:**\n- **Transfers all assets and liabilities** of **National Mutual Royal Bank (NMRB)** to **ANZ** (Australia and New Zealand Banking Group Limited).\n- **Splits up National Mutual Royal Savings Bank (NMR Savings Bank)** between two entities:\n  - **Category A assets** (mostly home loans and savings accounts) go to **ANZ Savings Bank**.\n  - **Category B assets** (everything else) go to **ANZ**.\n\n**Who it affects:**\n- **Customers** of the old banks—their accounts, loans, and banking relationships automatically transferred to the new owners without needing to sign new paperwork.\n- **Borrowers** with mortgages—their loans and the security (mortgages) over their properties transferred automatically.\n- **Business partners**—any contracts with the old banks became contracts with ANZ or ANZ Savings Bank instead.\n\n**Why it matters:**\nThis is a **statutory merger**—a special law passed to make a corporate takeover happen smoothly. Without this Act, every single customer account, loan document, and contract would need to be individually transferred, which would be a legal nightmare. The Act ensures:\n- **Continuity**: Your bank account doesn't close; it just becomes an ANZ account.\n- **Legal protection**: The transfer doesn't breach any contracts or trigger early repayment clauses.\n- **Evidence**: A government-printed copy of this Act is proof enough in court that the transfer happened.\n\n**Key exceptions:**\n- Some assets were kept out of the transfer (\"excluded assets\")—like certain company shares, land, and superannuation funds.\n- The old banks' directors didn't automatically become ANZ directors."},"summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"Based on the available metadata, the Act appears to have maintained its original narrow scope — facilitating the ANZ/NMRB banking transition. The only amendment visible occurred on 7 July 2017, which appears to have been a minor legislative update (likely administrative or consequential in nature) rather than a substantive expansion of the Act's purpose. No evidence of scope creep or significant broadening of intent is apparent."},"complexity_factors":["The Act appears to be a narrow, purpose-specific piece of legislation dealing with a single banking transition event, limiting its overall complexity","The full text of the Act was not provided — only website metadata — making definitive analysis impossible and introducing interpretive uncertainty","Banking merger and asset transfer legislation can involve complex interactions with property law, contract law, and financial regulation, adding moderate technical complexity","The reference to 'NMRB' (National Mutual Royal Bank) requires contextual historical knowledge of 1990s Australian banking to understand","The Act has remained largely unchanged since 1995, suggesting it is a static, self-contained instrument rather than a dynamic regulatory framework"],"plain_english_summary":"This NSW Act appears to authorise and give legal effect to the transfer of assets, liabilities and contracts from the National Mutual Royal Bank (NMRB) into Australia and New Zealand Banking Group (ANZ).  \n\nIt matters to former NMRB customers, ANZ and anyone with NMRB-secured property or loans in NSW because it preserves continuity of legal rights and obligations without requiring individual consents."}},"importantCases":[],"_links":{"self":"/api/acts/australia-and-new-zealand-banking-group-limited-nmrb-act-1991","history":"/api/acts/australia-and-new-zealand-banking-group-limited-nmrb-act-1991/history","analysis":"/api/acts/australia-and-new-zealand-banking-group-limited-nmrb-act-1991/analysis","conflicts":"/api/acts/australia-and-new-zealand-banking-group-limited-nmrb-act-1991/conflicts","importantCases":"/api/acts/australia-and-new-zealand-banking-group-limited-nmrb-act-1991/important-cases","documents":"/api/acts/australia-and-new-zealand-banking-group-limited-nmrb-act-1991/documents"}}