New South Wales Consolidated Regulations

BANK MERGERS (ADVANCE BANK) REGULATION 1998 - REG 9

9 Legal proceedings and evidence

(1) Where, immediately before the succession day, proceedings (including arbitration proceedings) to which Advance Bank was a party were pending or existing in any court or tribunal, St.George is, on that day, substituted for Advance Bank as a party to the proceedings and has the same rights in the proceedings as Advance Bank had.

(2) Where, before the succession day, documentary or other evidence would have been admissible for or against the interests of Advance Bank, that evidence is admissible, on or at any time after that day, for or against the interests of St.George.