Western Australian Current Acts

BANK OF WESTERN AUSTRALIA ACT 1995

TABLE OF PROVISIONS

           Long Title

   PART 1 -- Preliminary  

   1.      Short title
            
   2.      Commencement
            
   3.      Terms used
            
   4.      Terms used: full privatisation, partial privatisation

   PART 2 -- Privatisation of the Bank  

   5.      Terms used
            
   6.      Bank may be privatised
            
   7.      Method of privatisation
            
   8.      State’s shareholding in partial privatisation
            
   9.      Day of privatisation
            
   10.     Powers of R & I Holdings and the Bank for purposes of privatisation
            
   12.     R & I Holdings and the Bank to consult
            
   13.     Proceeds of privatisation, application of
            
   14.     Disclosure of information
            
   15.     Auditor General may disclose information
            
   16.     Disclosing information obtained under s. 14 or 15, offence
            
   17.     R & I Holdings, Bank etc., functions of
            
   18.     Stamp duty exemption

   PART 3 -- Provisions applicable to Bank after privatisation

           Division 1 -- Preliminary  

   19.     Terms used

           Division 2 -- Guarantee  

   20.     Guarantee by Treasurer for Bank
            
   21.     Charges for guarantee
            
   22.     Treasurer may require Bank to give information

           Division 3 -- Entrenched provisions in articles of association  

   23.     Bank’s articles of association to include certain provisions
            
   24.     Bank cannot alter or avoid s. 23 articles
            
   25.     Certain matters are excluded matters for Corporations Act 2001 (Cwlth)
            
   26A.    Expiry of Division

           Division 4 -- Use of names  

   26.     Names Bank etc. cannot use
            
   27.     Use of former name and derivatives of it by others

           Division 5 -- Enforcement of Divisions 3 and 4  

   29.     Enforcement of s. 23, 26 and 27 only by injunction
            
   30.     Enforcement of s. 23, 26 and 27, Supreme Court’s powers for

           Division 6 -- Continuation of certain provisions  

   31.     Terms used
            
   32.     Purpose of this Division
            
   33.     Evidentiary provisions
            
   34.     Administration etc. of capital stock, debentures and inscribed stock
            
   35.     Reference in document to officer of former Bank, effect of
            
   36.     Immunity etc. to continue
            
   37.     Former Bank to complete necessary transactions

           Division 7 -- Miscellaneous  

   38.     Reference in document to former name, effect of
            
   39.     Non-compliance by Bank of Western Australia Ltd with certain provisions, effect of

   PART 4 -- State’s shareholding in Bank on partial privatisation  

   40.     Interpretation of s.
            
   41.      State’s shareholding, Treasurer’s functions as to

   PART 5A -- Provisions relating to transfer of BWA business and conduct of Bankwest business

           Division 1 -- Preliminary  

   42A.    Terms used
            
   42B.    Transfer of BWA business to CBA not prevented
            
   42C.    Liability of owners of Bankwest business if 2 or more owners

           Division 2 -- Long term obligations  

   42D.    CBA to carry on banking business using Bankwest name
            
   42E.    Type and scale of Bankwest business
            
   42F.    Head office of Bankwest business
            
   42G.    Managing officer of Bankwest business
            
   42H.    Use of certain names prohibited
            
   42I.    Records of Bankwest business

           Division 3 -- Obligations relating to 5 year period after transfer day  

   42J.    Minimum points of presence required
            
   42K.    Points of presence in regional areas not to be closed
            
   42L.    Head office personnel
            
   42M.    Local sponsorship and community development initiatives

           Division 4 -- Monitoring compliance  

   42N.    Bankwest owner to give annual certificate of compliance with this Part
            
   42O.    Minister may require Bankwest owner to give information

           Division 5 -- Enforcement of Divisions 2, 3 and  

   42P.    Methods of enforcement
            
   42Q.    Enforcement of Div. 2 and 4, Supreme Court’s powers for
            
   42R.    Enforcement of Div. 3, Minister’s powers for

           Division 6 -- Other provisions  

   42S.    Transfer day, notification of
            
   42T.    Certain matters are excluded matters for Corporations Act 2001 (Cwlth)

   PART 5 -- General  

   42.     Regulations
            
   43.      Bank of Western Australia Act 1990, transitional provisions for
            
   44.     Other Acts, transitional provisions
           SCHEDULE 1 -- Provisions relating to Bank of Western Australia Act 1990
           SCHEDULE 2 -- Provisions relating to other Acts