State Financial Institutions and Metway Merger Facilitation Amendment Regulation 1996 (Qld)

Queensland Subordinate Legislation 1996 No. 279 State Financial Institutions and Metway Merger Facilitation Act 1996 STATE FINANCIAL INSTITUTIONS AND METWAY MERGER FACILITATION AMENDMENT REGULATION 1996 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Insertion of new pt 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 PART 3—TRANSFER OF ASSETS 5 Transfer of certain assets to a government entity . . . . . . . . . . . . . . . 2

s1 2 s3 State Financial Institutions and Metway Merger No. 279, 1996 Facilitation Amendment ˙ Short title 1. This regulation may be cited as the State Financial Institutions and Metway Merger Facilitation Amendment Regulation 1996 . ˙ Regulation amended 2. This regulation amends the State Financial Institutions and MetwayMerger Facilitation Regulation 1996 . ˙ Insertion of new pt 3 3. After section 4— insert — ‘ PART 3—TRANSFER OF ASSETS ˙ ‘ Transfer of certain assets to a government entity ‘ 5.(1) This section applies to all shares in Bank of Queensland Limited (A.C.N. 009 656 740) that are beneficially owned by Suncorp General Insurance Limited (A.C.N. 075 695 966) at the commencement of this section. 1 ‘ (2) The shares are transferred to Queensland Treasury Holdings Pty Ltd (A.C.N. 011 027 295). 2 ‘ (3) The consideration payable for each share transferred under subsection (2) is the average market price per share (weighted by reference to volume) of fully paid ordinary shares in Bank of Queensland Limited traded on the Australian Stock Exchange Limited during the 5 trading days ending immediately before this section commenced.’. 1 Suncorp Insurance and Finance was registered under the CorporationsLaw, part 2.2, division 3 on 3 October 1996 and on registration its name was changed to Suncorp General Insurance Limited. 2 Queensland Treasury Holdings Pty Ltd is a government entity under the Government Owned Corporations Act 1993 .

3 State Financial Institutions and Metway Merger No. 279, 1996 Facilitation Amendment ENDNOTES 1. Made by the Governor in Council on 17 October 1996. 2. Notified in the gazette on 17 October 1996. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 1996