NSWIn ForceRegulation
Bank Mergers (Bank of Melbourne) Regulation 1998
5Consequence of succession
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5 Consequence of succession
5 Consequence of succession
(1) On the succession day, in accordance with the principle of succession in law:
(a) Westpac becomes the successor in law of the Bank of Melbourne and is for all purposes a continuation of and the same legal entity as the Bank of Melbourne, and
(b) the Bank of Melbourne is liquidated and dissolved.
(2) Nothing in any other provision of this Part limits the operation of this clause.