7Extra-territorial operation

7 Extra-territorial operation

7 Extra-territorial operation

It is the intention of Parliament that a regulation relating to the merger of 2 or more banks under this Act should apply, as far as possible, (and except in so far as the regulation otherwise provides) to the following:

(a) land situated outside New South Wales, whether in or outside Australia,

(b) things situated outside New South Wales, whether in or outside Australia,

(c) acts, transactions and matters done, entered into or occurring outside New South Wales, whether in or outside Australia,

(d) things, acts, transactions and matters (whether situated, done, entered into or occurring) that would, apart from this Act, be governed or otherwise affected by the law of a foreign country.