Queensland Consolidated Acts

CHALLENGE BANK (TRANSFER OF UNDERTAKING) ACT 1996

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title
   2.      Commencement
   3.      Definitions
   4.      Act binds the Crown

   PART 2--VESTING OF UNDERTAKING OF CHALLENGE IN WESTPAC

           Division 1--Vesting and its general effect

   5.      Vesting of undertaking
   6.      Effect of vesting on Challenge contracts

           Division 2--Other consequential effect of vesting

   7.      Application of division
   8.      Relationship between Challenge's customers and Westpac
   9.      Instruction etc by Challenge's customer
   10.     Security held by Challenge's customers
   11.     Transferred security--rights, liabilities and priorities
   12.     Custody of documents, goods etc. held by Challenge
   13.     Negotiable instruments or orders
   14.     Information about customers
   15.     Security over money on deposit

           Division 3--Transitional period

   16.     Transition period end day to be advised by Minister
   17.     Business name "Challenge Bank Limited"

   PART 3--GENERAL

   18.     Exemption from State taxes
   19.     Registering authorities to note transfers
   20.     Excluded assets transactions
   21.     Service of documents on Westpac and Challenge
   22.     Legal proceedings
   23.     Amendment of document if Westpac erroneously made a party
   24.     Effect of things done or allowed under this Act
   25.     Certificates in relation to charges and the Corporations Law
   26.     Certificates evidencing operation of Act may be issued
   27.     Evidence--books and documents
   28.     Certificates as evidence
   29.     Application of banking laws
   30.     Construction of references
   31.     Application of Acts Interpretation Act 1954, s 20A
   32.     Expiry of Act
           ENDNOTES
           1. Index to endnotes
           2. Date to which amendments incorporated
           3. Key
           4. List of legislation