New South Wales Consolidated Acts

BANK INTEGRATION ACT 1992 - SECT 15

15 Exemptions from certain taxes and charges

(1) Tax is not payable under a law of New South Wales in respect of:

(a) the operation or effect of this Act or the Commonwealth Act in its application to the vesting of the business of the transferring bank in the receiving bank, or

(b) anything done for a purpose connected with, or arising out of, that operation or effect.

(2) In subsection (1), "tax" does not include any fee or tax prescribed by the Corporations Regulations .