New South Wales Consolidated Regulations

BANK MERGERS (BANK OF MELBOURNE) REGULATION 1998 - REG 19

19 Company charges

(1) Section 268 (1) of the Corporations Law is taken to have been complied with in respect of all charges of which Westpac becomes the holder by virtue of this Regulation if there is lodged with the Australian Securities Commission a certificate signed by an authorised person stating that by virtue of this Regulation the assets and liabilities of the Bank of Melbourne have become vested in Westpac and if Westpac pays the fee referred to in subclause (2).

(2) The fee payable in relation to the lodgment of the certificate under subclause (1) is to be an amount agreed on between Westpac and the Australian Securities Commission, or the total amount payable for lodgment of the transfer of the charges detailed in the certificate as prescribed by the regulations made under the Corporations Law , whichever is the lesser.