Commonwealth Numbered Acts

BANK INTEGRATION ACT 1991 No. 210 of 1991 - SECT 9

9.(1) Subject to sections 10 and 11, where the Treasurer receives notice of a
proposal under paragraph 7(1)(b) from a receiving bank, he or she may:

   (a)  if the receiving bank is the Commonwealth Bank - in consultation with
        the chief executive officer of the bank; and

   (b)  if the receiving bank is another bank - in consultation with the
        Treasurer (however described) of the incorporating State and the chief
        executive officer of the bank; by notice published in the Gazette, fix
        a day on which the business of the relevant transferring bank is to
        vest in the receiving bank.

(2) Subject to section 10, where the Treasurer receives notice of a proposal
under paragraph 7(2)(b) from BNZ, he or she may, in consultation with the
Minister of Finance of New Zealand and the chief executive officer of BNZ, by
notice published in the Gazette, fix a day on which the business of BNZ
Savings that relates to its Australian operations is to vest in BNZ.

(3) The day fixed in a notice under subsection (1) or (2) is to be called the
succession day for the receiving bank and the relevant transferring bank
referred to in the notice and must not be a day occurring before the day of
publication of the notice.