17/Oct/2003 - Current (at 31 Dec 2005)
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    Reprinted under the Reprints Act 1984 as at 17 October 2003





    Western Australia





    Australia and New Zealand Banking Group Act 1970






    An Act to supplement the Australia and New Zealand Banking Group Act 1970 of the Parliament of the United Kingdom which provides, among other things, for the transfer to Australia and New Zealand Banking Group Limited of the undertakings of Australia and New Zealand Bank Limited and The English, Scottish and Australian Bank, Limited; to supplement the Australia and New Zealand Banking Group Act 1970 of the Parliament of Victoria in so far as it relates to the transfer to Australia and New Zealand Savings Bank Limited of the undertaking of E.S. & A. Savings Bank Limited; and for purposes connected therewith.

    Preamble

    WHEREAS:

    (a) by the Australia and New Zealand Banking Group Act 1970 of the Parliament of the United Kingdom provision is made for the transfer to Australia and New Zealand Banking Group Limited (in this preamble referred to as the Bank) of the undertakings of Australia and New Zealand Bank Limited (in this preamble referred to as A.N.Z.) and The English, Scottish and Australian Bank, Limited (in this preamble referred to as E.S.A.) and for other purposes incidental thereto and consequential thereon, for the incorporation of Australia and New Zealand Savings Bank Limited in the State of Victoria, for the cesser of application to that company of provisions of the Companies Acts 1948 to 1967 of the Parliament of the United Kingdom (in this preamble referred to as the U.K. Companies Acts) consequent upon that incorporation, and for other purposes incidental thereto;

    (b) A.N.Z., the Bank and E.S.A. are companies incorporated in the United Kingdom and are companies within the meaning of the U.K. Companies Acts and are companies limited by shares;

    (c) A.N.Z. and E.S.A. each carries on the business of banking in the State as well as elsewhere in The Commonwealth and overseas;

    (d) by a scheme of arrangement sanctioned under section 206 of the U.K. Companies Acts, which arrangement took effect on 23 June 1969, A.N.Z. and E.S.A. became wholly-owned subsidiaries of the Bank;

    (e) the scheme of arrangement was proposed with a view to the merger of the undertakings of A.N.Z. and E.S.A.;

    (f) on 22 May 1969 the Treasurer of The Commonwealth consented to the transfer of the business of A.N.Z. and of E.S.A. in The Commonwealth to the Bank;

    (g) to effectively vest in the Bank the undertakings of A.N.Z. and E.S.A. that are carried on in the State, it is expedient to enact this Act;

    (h) Australia and New Zealand Savings Bank Limited (in this preamble referred to as A.N.Z. Savings Bank) was incorporated in the United Kingdom as a company within the meaning of the U.K. Companies Acts and is a company limited by shares, and E.S. & A. Savings Bank Limited (in this preamble referred to as E.S.A. Savings Bank) is incorporated in Victoria and is a company within the meaning of the Companies Act 1961 as amended of the Parliament of Victoria and is a company limited by shares;

    (i) A.N.Z. Savings Bank and E.S.A. Savings Bank each carries on the business of a savings bank in the State as well as elsewhere in The Commonwealth;

    (j) A.N.Z. Savings Bank is a wholly-owned subsidiary of A.N.Z. and E.S.A. Savings Bank is a wholly-owned subsidiary of E.S.A.;

    (k) it is expedient in the interests of the Bank that the undertakings of A.N.Z. Savings Bank and E.S.A. Savings Bank should be merged;

    (l) on 22 May 1970 the Treasurer of The Commonwealth consented to the transfer of the business of E.S.A. Savings Bank to A.N.Z. Savings Bank;

    (m) by the Australia and New Zealand Banking Group Act 1970 of the Parliament of Victoria provision is made, among other things, for A.N.Z. Savings Bank to become a company deemed to be incorporated in Victoria and for the transfer to A.N.Z. Savings Bank of the undertaking of E.S.A. Savings Bank and for other purposes incidental thereto;

    (n) the incorporation of A.N.Z. Savings Bank in Victoria may be effected under the Act of the Parliament of Victoria prior to the appointed day under this Act;

    (o) to vest the undertaking of E.S.A. Savings Bank carried on in the State in A.N.Z. Savings Bank, it is expedient to enact this Act;




    Be it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:






Note: This is not an authorised version. The only authorised version is the hardcopy (printed) version published under authority of the Government Printer, available from the State Law Publisher, 10 William St Perth W.A. 6000.