Commonwealth Consolidated Acts

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BANK INTEGRATION ACT 1991 - SECT 10

Interests of depositors of transferring banks to be protected

    The Treasurer must not fix a succession day for a receiving bank and a relevant transferring bank unless the Treasurer is satisfied, having regard to the certificate given to the Treasurer by the Reserve Bank under section   8 and to any other relevant matter of which the Treasurer is aware, that the interests of the depositors of the receiving and transferring banks are adequately protected.



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