Reprinted under the Reprints Act 1984 as at 7 November 2003





    Western Australia





    Australia and New Zealand Banking Group Limited (NMRB) Act 1991






    An Act to supplement the Australia and New Zealand Banking Group Limited (NMRB) Act 1991 of Victoria which provides for the transfer to Australia and New Zealand Banking Group Limited of the undertaking of National Mutual Royal Bank Limited and for the transfer to Australia and New Zealand Savings Bank Limited of one part of the undertaking of National Mutual Royal Savings Bank Limited and for the transfer to Australia and New Zealand Banking Group Limited of the other part of the undertaking of National Mutual Royal Savings Bank Limited, and for connected purposes.

    Reasons for enactment

    1. National Mutual Royal Bank Limited A.C.N. 006 525 097 (NMRB) and National Mutual Royal Savings Bank Limited A.C.N. 007 394 738 (NMR Savings Bank) are companies incorporated in Victoria and are companies within the meaning of the Corporations Law 2 and are companies limited by shares.

    2. Australia and New Zealand Banking Group Limited A.C.N. 005 357 522 (ANZ) and Australia and New Zealand Savings Bank Limited A.C.N. 004 845 685 (ANZ Savings Bank) are companies deemed to be incorporated in Victoria and are companies within the meaning of the Corporations Law 2 and are companies limited by shares.

    3. NMR Savings Bank is a wholly owned subsidiary of NMRB and ANZ Savings Bank is a wholly owned subsidiary of ANZ.

    4. ANZ and NMRB each carries on the business of banking in Victoria, Western Australia and elsewhere in Australia and ANZ Savings Bank and NMR Savings Bank each carries on the business of a savings bank in Victoria, Western Australia and elsewhere in Australia.

    5. On 2 April 1990 ANZ acquired the whole of the issued share capital of NMRB and since that date NMRB has been a wholly owned subsidiary of ANZ.

    6. It is expedient in the interests of efficiency in banking that the banking business conducted by NMRB should be transferred to ANZ and that part of the banking business conducted by NMR Savings Bank should be transferred to ANZ Savings Bank and that the other part should be transferred to ANZ.

    7. On 5 December 1990 the Treasurer of Australia consented pursuant to section 63 of the Banking Act 1959 of the Commonwealth to the amalgamation of NMRB with ANZ.

    8. The Australia and New Zealand Banking Group Limited (NMRB) Act 1991 of Victoria provides for the vesting of the undertaking of NMRB in ANZ and the vesting of part of the undertaking of NMR Savings Bank in ANZ and the other part in ANZ Savings Bank.

    9. It is expedient to enact legislation in Western Australia to supplement the Australia and New Zealand Banking Group Limited (NMRB) Act 1991 of Victoria.

    The Parliament of Western Australia enacts 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.