Westpac Banking Corporation (Transfer of Incorporation) Act 2000 Westpac Banking Corporation (Transfer of Incorporation) Amendment (Savings and Transitional Provisions) Regulation 2002 (2002-1013) [GG No 263 of 20.12.2002, p 10846] (NSW)

2002 No 1013

New South Wales

Westpac Banking Corporation

(Transfer of Incorporation)
Amendment (Savings and Transitional

Provisions) Regulation 2002

under the

Westpac Banking Corporation (Transfer of Incorporation) Act
2000

Her Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Westpac Banking Corporation (Transfer of Incorporation) Act 2000.

BOB DEBUS, M.P.,

Attorney General

Explanatory note
The object of this Regulation is to make provision of a savings and transitional nature consequent on the repeal of certain legislation relating to Westpac Banking Corporation (Westpac) under the Westpac Banking Corporation (Transfer of Incorporation) Act 2000 on 20 December 2002.

Westpac became a public company limited by shares under the Corporations Act 2001 of the Commonwealth on 23 August 2002. The repeal of the State legislation relating to Westpac will include the repeal of legislation that constituted Westpac Banking Corporation as a body corporate under State law. The provision to be inserted in the Westpac Banking Corporation (Transfer of Incorporation) Regulation 2001 makes it clear that Westpac (as constituted as a company under the Corporations Act 2001 of the Commonwealth) is a continuation of, and the same legal entity as, the body corporate originally constituted under the repealed State law.

This Regulation is made under the Westpac Banking Corporation (Transfer of Incorporation) Act 2000, including section 13 (the general regulation-making power) and clause 1 of Schedule 1.

Published in Gazette No 263 of 20 December 2002, page 10846	Page 1
2002 No 1013	Westpac Banking Corporation (Transfer of Incorporation) Amendment
Clause 1	(Savings and Transitional Provisions) Regulation 2002

Westpac Banking Corporation (Transfer of
Incorporation) Amendment (Savings and Transitional

Provisions) Regulation 2002

under the

Westpac Banking Corporation (Transfer of Incorporation) Act 2000

1      Name of Regulation

This Regulation is the Westpac Banking Corporation (Transfer of Incorporation) Amendment (Savings and Transitional Provisions) Regulation 2002.

2 Commencement

This Regulation commences on 20 December 2002.

3 Amendment of Westpac Banking Corporation (Transfer of Incorporation) Regulation 2001

The Westpac Banking Corporation (Transfer of Incorporation)

Regulation 2001 is amended as set out in Schedule 1.

Page 2

Westpac Banking Corporation (Transfer of Incorporation) Amendment	2002 No 1013
(Savings and Transitional Provisions) Regulation 2002
Amendment	Schedule 1
Schedule 1 Amendment

(Clause 3)

Clause 5

Insert after clause 4:

5      Westpac company same legal entity as Westpac

Westpac company is taken to be a continuation of, and the same legal entity as, Westpac.

BY AUTHORITY

Page 3