• Specific Year
    Any

BANK OF WESTERN AUSTRALIA ACT 1995

Table of Provisions

PART 1 -- Preliminary  

  • 1 Short title
  •  
  • 2 Commencement
  •  
  • 3 Terms used
  •  
  • 4 Terms used: full privatisation, partial privatisation

PART 2 -- Privatisation of the Bank  

  • 5 Terms used
  •  
  • 6 Bank may be privatised
  •  
  • 7 Method of privatisation
  •  
  • 8 State’s shareholding in partial privatisation
  •  
  • 9 Day of privatisation
  •  
  • 10 Powers of R & I Holdings and the Bank for purposes of privatisation
  •  
  • 12 R & I Holdings and the Bank to consult
  •  
  • 13 Proceeds of privatisation, application of
  •  
  • 14 Disclosure of information
  •  
  • 15 Auditor General may disclose information
  •  
  • 16 Disclosing information obtained under s. 14 or 15, offence
  •  
  • 17 R & I Holdings, Bank etc., functions of
  •  
  • 18 Stamp duty exemption

PART 3 -- Provisions applicable to Bank after privatisation

Division 1 -- Preliminary  

  • 19 Terms used

Division 2 -- Guarantee  

  • 20 Guarantee by Treasurer for Bank
  •  
  • 21 Charges for guarantee
  •  
  • 22 Treasurer may require Bank to give information

Division 3 -- Entrenched provisions in articles of association  

  • 23 Bank’s articles of association to include certain provisions
  •  
  • 24 Bank cannot alter or avoid s. 23 articles
  •  
  • 25 Certain matters are excluded matters for Corporations Act 2001 (Cwlth)
  •  
  • 26A Expiry of Division

Division 4 -- Use of names  

  • 26 Names Bank etc. cannot use
  •  
  • 27 Use of former name and derivatives of it by others

Division 5 -- Enforcement of Divisions 3 and 4  

  • 29 Enforcement of s. 23, 26 and 27 only by injunction
  •  
  • 30 Enforcement of s. 23, 26 and 27, Supreme Court’s powers for

Division 6 -- Continuation of certain provisions  

  • 31 Terms used
  •  
  • 32 Purpose of this Division
  •  
  • 33 Evidentiary provisions
  •  
  • 34 Administration etc. of capital stock, debentures and inscribed stock
  •  
  • 35 Reference in document to officer of former Bank, effect of
  •  
  • 36 Immunity etc. to continue
  •  
  • 37 Former Bank to complete necessary transactions

Division 7 -- Miscellaneous  

  • 38 Reference in document to former name, effect of
  •  
  • 39 Non-compliance by Bank of Western Australia Ltd with certain provisions, effect of

PART 4 -- State’s shareholding in Bank on partial privatisation  

  • 40 Interpretation of s.
  •  
  • 41 State’s shareholding, Treasurer’s functions as to

PART 5A -- Provisions relating to transfer of BWA business and conduct of Bankwest business

Division 1 -- Preliminary  

  • 42A Terms used
  •  
  • 42B Transfer of BWA business to CBA not prevented
  •  
  • 42C Liability of owners of Bankwest business if 2 or more owners

Division 2 -- Long term obligations  

  • 42D CBA to carry on banking business using Bankwest name
  •  
  • 42E Type and scale of Bankwest business
  •  
  • 42F Head office of Bankwest business
  •  
  • 42G Managing officer of Bankwest business
  •  
  • 42H Use of certain names prohibited
  •  
  • 42I Records of Bankwest business

Division 3 -- Obligations relating to 5 year period after transfer day  

  • 42J Minimum points of presence required
  •  
  • 42K Points of presence in regional areas not to be closed
  •  
  • 42L Head office personnel
  •  
  • 42M Local sponsorship and community development initiatives

Division 4 -- Monitoring compliance  

  • 42N Bankwest owner to give annual certificate of compliance with this Part
  •  
  • 42O Minister may require Bankwest owner to give information

Division 5 -- Enforcement of Divisions 2, 3 and  

  • 42P Methods of enforcement
  •  
  • 42Q Enforcement of Div. 2 and 4, Supreme Court’s powers for
  •  
  • 42R Enforcement of Div. 3, Minister’s powers for

Division 6 -- Other provisions  

PART 5 -- General  

Navigate