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BANK INTEGRATION ACT 1991 - NOTES

No. 210, 1991

Compilation No. 10

Compilation date:   1 July 2016

Includes amendments up to: Act No. 59, 2015

Registered:    15 July 2016

 

About this compilation

This compilation

This is a compilation of the Bank Integration Act 1991 that shows the text of the law as amended and in force on 1 July 2016 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self-repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

 

 

 

Contents

Part 1--Preliminary

1 Short title

2 Commencement

3 Extension to external Territories

4 Crown to be bound

5 Interpretation

6 Extra-territorial operation of Act

Part 2--Steps leading to bank reorganisations

7 Notice of proposed bank reorganisation

8 Reserve Bank certification

9 Treasurer may fix succession day for a particular receiving bank and transferring bank

10 Interests of depositors of transferring banks to be protected

11 Complementary legislation to be enacted

Part 3--Bank reorganisations

12 Consequence of succession day

13 Assets and liabilities

14 Translated instruments

15 Places of business

16 Transferring banks to lose authority to carry on banking business

17 Legal proceedings and evidence

18 Permitted business names

19 Employment unaffected

20 Receiving banks to do what is necessary to carry out reorganisation

Part 4--Taxation matters

21 Exemptions from certain taxes and charges

22 Application of the Income Tax Assessment Acts

Part 5--Miscellaneous

23 Certificates evidencing operation of Act etc.

24 Certificates in relation to land and interests in land

25 Certificates in relation to other assets

26 Documents purporting to be certificates

27 Compensation for acquisition of property

28 Act to have effect despite other laws

29 Regulations

Schedule 1--Receiving and transferring banks

Schedule 2--Permitted business names

Endnotes

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

 

Endnotes

Endnote 1--About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

Abbreviation key--Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history--Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes

The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation "(md)" added to the details of the amendment included in the amendment history.

If a misdescribed amendment cannot be given effect as intended, the abbreviation "(md not incorp)" is added to the details of the amendment included in the amendment history.

 

Endnote 2--Abbreviation key

 

ad = added or inserted

o = order(s)

am = amended

Ord = Ordinance

amdt = amendment

orig = original

c = clause(s)

par = paragraph(s)/subparagraph(s)

C[x] = Compilation No. x

    /sub-subparagraph(s)

Ch = Chapter(s)

pres = present

def = definition(s)

prev = previous

Dict = Dictionary

(prev ... ) = previously

disallowed = disallowed by Parliament

Pt = Part(s)

Div = Division(s)

r = regulation(s)/rule(s)

ed = editorial change

reloc = relocated

exp = expires/expired or ceases/ceased to have

renum = renumbered

    effect

rep = repealed

F = Federal Register of Legislation

rs = repealed and substituted

gaz = gazette

s = section(s)/subsection(s)

LA = Legislation Act 2003

Sch = Schedule(s)

LIA = Legislative Instruments Act 2003

Sdiv = Subdivision(s)

(md) = misdescribed amendment can be given

SLI = Select Legislative Instrument

    effect

SR = Statutory Rules

(md not incorp) = misdescribed amendment

Sub-Ch = Sub-Chapter(s)

    cannot be given effect

SubPt = Subpart(s)

mod = modified/modification

underlining = whole or part not

No. = Number(s)

    commenced or to be commenced

 

Endnote 3--Legislation history

 

Act

Number and year

Assent

Commencement

Application, saving and transitional provisions

Bank Integration Act 1991

210, 1991

24 Dec 1991

24 Dec 1991 (s 2)

 

Statute Law Revision Act 1996

43, 1996

25 Oct 1996

Sch 3 (item 6): 24 Dec 1991 (s 2(3))

--

Income Tax (Consequential Amendments) Act 1997

39, 1997

17 Apr 1997

Sch 3 (items 12-17): 1 July 1997 (s 2)

--

Tax Law Improvement Act (No. 1) 1998

46, 1998

22 June 1998

s 4 and Sch 2 (item 527): 22 June 1998 (s 2(1), (2))

s 4

Public Employment (Consequential and Transitional) Amendment Act 1999

146, 1999

11 Nov 1999

Sch 1 (item 279): 5 Dec 1999 (s 2(1), (2))

--

Corporations (Repeals, Consequentials and Transitionals) Act 2001

55, 2001

28 June 2001

s 4-14 and Sch 3 (item 79): 15 July 2001 (s 2(1), (3))

s 4-14

Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006

101, 2006

14 Sept 2006

Sch 2 (items 21-24), Sch 5 (item 42) and Sch 6 (items  1, 5-11): 14 Sept 2006 (s 2(1) items 2, 4)

Sch 6 (items 1, 5-11)

Tax Laws Amendment (2007 Measures No. 4) Act 2007

143, 2007

24 Sept 2007

Sch 1 (items 8, 222, 225, 226): 24 Sept 2007 (s 2(1) item 2)

Sch 1 (items 222, 225, 226)

Business Names Registration (Transitional and Consequential Provisions) Act 2011

127, 2011

3 Nov 2011

Sch 2 (items 8, 9): 20 Apr 2012 (s 2(1) item 4)

Act No 172, 2011 (Sch 1 (item 2))

as amended by

 

 

 

 

Statute Law Revision Act 2012

136, 2012

22 Sept 2012

Sch 2 (item 2): 20 Apr 2012 (s 2(1) item 7)

--

Statute Law Revision Act 2012

136, 2012

22 Sept 2012

Sch 6 (items 15, 16): 22 Sept 2012 (s 2(1) item 37)

--

Norfolk Island Legislation Amendment Act 2015

59, 2015

26 May 2015

Sch 2 (item 76): 1 July 2016 (s 2(1) item 5)
Sch 2 (items 356-396): 18 June 2015 (s 2(1) item 6)

Sch 2 (items 356-396)

as amended by

 

 

 

 

Territories Legislation Amendment Act 2016

33, 2016

23 Mar 2016

Sch 2: 24 Mar 2016 (s 2(1) item 2)

--

 

Endnote 4--Amendment history

 

Provision affected

How affected

Part 1

 

s 4.....................

am No 59, 2015

s 5.....................

am No 46, 1998; No 146, 1999; No 101, 2006

Part 3

 

s 18....................

am No 127, 2011 (as am by No 136, 2012)

Part 4

 

s 21....................

am No 39, 1997

s 22....................

am No 39, 1997; No 101, 2006; No 143, 2007

Part 5

 

s 25....................

am No 55, 2001

Part 6...................

rep No 136, 2012

s 30....................

rep No 136, 2012

s 31....................

rep No 136, 2012

s 32....................

rep No 136, 2012

Schedule 3................

am No 43, 1996

 

rep No 136, 2012

 


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