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Name of Regulation
1 Name of Regulation
1 Name of Regulation
This Regulation is the Westpac Banking Corporation (Transfer of Incorporation) Regulation 2001.
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New South Wales regulation
This Regulation sets two legal effects: it prescribes a 30‑month period after a transfer resolution for the purposes of paragraph (b) of the prescribed‑period definition in section 5A(8) of the Act, and it declares that “Westpac company” is a continuation of, and the same legal entity as, Westpac. It affects Westpac, its shareholders, creditors and counterparties by fixing the time available to complete the transfer process and by treating the new company as the same legal person for rights and obligations.
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Direct links to the current provisions in Westpac Banking Corporation (Transfer of Incorporation) Regulation 2001.
1 Name of Regulation
This Regulation is the Westpac Banking Corporation (Transfer of Incorporation) Regulation 2001.
2 Definition
In this Regulation:
the Act means the Westpac Banking Corporation (Transfer of Incorporation) Act 2000.
3 Notes
The explanatory note does not form part of this Regulation.
4 Prescribed period for purposes of section 5A of the Act
The period of 30 months after the date on which the transfer resolution was passed is prescribed for the purposes of paragraph (b) of the definition of prescribed period in section 5A (8) of the Act.
cl 4: Subst 14.6.2002.
5 Westpac company same legal entity as Westpac
Westpac company is taken to be a continuation of, and the same legal entity as, Westpac.
cl 5: Ins 20.12.2002.
Sourced from legislation.nsw.gov.au, CC BY 4.0.
1 Name of Regulation
This Regulation is the Westpac Banking Corporation (Transfer of Incorporation) Regulation 2001.
2 Definition
In this Regulation:
the Act means the Westpac Banking Corporation (Transfer of Incorporation) Act 2000.
3 Notes
The explanatory note does not form part of this Regulation.
4 Prescribed period for purposes of section 5A of the Act
The period of 30 months after the date on which the transfer resolution was passed is prescribed for the purposes of paragraph (b) of the definition of prescribed period in section 5A (8) of the Act.
cl 4: Subst 14.6.2002.
5 Westpac company same legal entity as Westpac
Westpac company is taken to be a continuation of, and the same legal entity as, Westpac.
cl 5: Ins 20.12.2002.