New South Wales Consolidated Acts New South Wales Consolidated ActsWithout prejudice to the generality of this Act and despite anything to the contrary in any other Act or law, if, immediately before the succession day, the transferring bank is, or is to be taken to be, the registered proprietor of an interest in land under the Real Property Act 1900 , on and after the succession day:
(a) the receiving bank is to be taken to be the registered proprietor of that interest in land, and
(b) the receiving bank has the same rights and remedies in respect of that interest as the transferring bank had.