- Act 7 of 1997 - Royal Assent 8 May 1997 TABLE OF PROVISIONS Long Title PART 1 - Preliminary 1. Short title 2. Commencement 3. Interpretation 4. Crown to be bound 5. Act to have effect despite Corporations (Tasmania) Act and Corporations Law 6. Conversion day PART 2 - Conversion of Trust Bank into a company 7. Application for registration of Bank as a company 8. Mandatory articles 9. Registration of Bank as a company 10. Memorandum and articles PART 3 - Shares 11. Issue of shares 12. What happens if a strategic partnership agreement has been entered into 13. What happens if a strategic partnership agreement is not entered into 14. Initial share capital of Bank 15. Bank not required to hold statutory meeting or send statutory report under Corporations Law 16. Loans to employees for acquisition of shares in Bank PART 4 - The Trust Bank Foundation 17. Establishment of body corporate 18. Board of Directors of The Trustee of the Trust Bank Foundation PART 5 - Miscellaneous 19. Powers of Supreme Court 20. Bank is not the Crown 21. Modification of Trust Bank (Arrangements) Act 1991 22. Repeals 23. Regulations 24. Administration of Act[ Note: This table has been automatically generated and may be incomplete. ]