Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to subsection (2), on and after the succession day for a receiving bank and the relevant transferring bank, a place that, immediately before that day, was a place of business for the transferring bank is taken to be a place of business for the receiving bank.
(2) In its application to BNZ and BNZ Savings, subsection (1) applies only to places of business in Australia or the external Territories.