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Bank Mergers (Application of Laws) Act 1996
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Turn the raw legal text into a practical explanation grounded in Bank Mergers (Application of Laws) Act 1996.
3 Definitions
3 Definitions
In this Act:
merger includes the acquisition of property and assets, and the assumption of liabilities, of a bank by another bank or the transfer of property and assets and liabilities of a bank to another bank.
proclaimed law means a law of another State or Territory that is declared under this Act to be a law to which this Act applies.