TRUST BANK SALE ACT 1999 (NO. 76 OF 1999)
- Act 76 of 1999
- Royal Assent 26 November 1999
Table of Provisions
Long Title
PART 1 - Preliminary
- 1 Short title
- 2 Commencement
- 3 Interpretation
- 4 Crown to be bound
- 5 Extra-territorial application
- 6 Act to have effect despite Corporations Law
- 7 Bank not a Crown instrumentality
PART 2 - Corporatisation of the Bank
- 8 Application for registration of the Bank as a company
- 9 Registration of the Bank as a company
- 10 Issue of initial shares
PART 3 - Sale process
- 11 Power of sale
- 12 Release of special capital note
- 13 Declarations by Treasurer
- 14 Calculation and application of net first instalment
- 15 Disbursements
PART 4 - Integration of the Bank and the purchaser
- 16 Effect of integration
- 17 Vesting of undertaking
- 18 Effect of legal instruments
- 19 Directors, &c., of the Bank not directors of the purchaser
- 20 No actions against officers of the Bank or TB No. 1
- 21 Transitional provisions
- 22 Legal proceedings, &c.
- 23 Evidence
- 24 Place of business
- 25 Bank employees
- 26 Interests in land
- 27 Action by Recorder of Titles or Registrar-General
- 28 Certificates in relation to charges
- 29 Other property
- 30 Certificates conclusive
- 31 Application of banking laws
- 32 Dissolution of TB No. 1
PART 5 - Tasmanian community fund
- 33 Establishment of Tasmanian Community Fund
- 34 Amounts to be paid into Tasmanian Community Fund
- 35 Establishment of Board
- 36 Functions of Board
- 37 Accounts and records
- 38 Payment for audit
- 39 Costs and expenses of Board
- 40 Liability of members of Board
- 41 Annual report of Board
PART 6 - Miscellaneous