New South Wales Consolidated Acts

STATE BANK (PRIVATISATION) ACT 1994 - SECT 22

22 Operation of this Part

(1) This Part takes effect if:

(a) the Share Sale Agreement is terminated for any reason by any one or more of the parties, or

(b) the sale and purchase of the Bank is terminated for any reason by any one or more of the parties to the Share Sale Agreement.

(2) This Part does not itself confer a right of termination.