Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For a period of 6 months beginning on the succession day in relation to a transferring bank whose name is included in Column 1 of Schedule 2, the relevant receiving bank may operate in a State or Territory under any name (in this section called a permitted business name in relation to that receiving bank) that is included in Column 2 of that Schedule opposite the name of that transferring bank.
(2) This section does not prevent a receiving bank from:
(a) operating in a State or Territory under a name other than a permitted business name; or
(b) registering a name on the Business Names Register established and maintained under section 22 of the Business Names Registration Act 2011 .