New South Wales Consolidated Acts

BANK MERGERS (APPLICATION OF LAWS) ACT 1996 - SECT 5

5 Extension of proclaimed law

(1) The application of a proclaimed law is extended so that it applies in this State as if it were a law of this State.

(2) However, in its application in this State a proclaimed law is to be read subject to:

(a) the exclusions, modifications and supplementations set out in the relevant proclamation, as amended by any further proclamations, and

(b) the provisions of subsection (4).

(3) The application in this State of a proclaimed law is not affected by its amendment or repeal in the State or Territory in which it was enacted, except to the extent provided by the relevant proclamation, as amended by any further proclamations.

(4) Provisions of a proclaimed law relating to:

(a) the provision of government guarantees, or

(b) exemption from payment of duties, taxes, charges, rates or other imposts,

are excluded from the operation of subsection (1), except to the extent that the relevant proclamation, as amended by any further proclamations, includes them (and subject to any modifications or supplementations specified in the proclamation).