Western Australian Consolidated Acts

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BANK OF WESTERN AUSTRALIA ACT 1995 - SECT 10

10 .         Powers exercisable for purposes of privatisation

        (1)         R & I Holdings and the Bank are to do all things necessary or convenient to be done in order to comply with a privatisation order.

        (2)         Without limiting the generality of subsection (1) R & I Holdings may — 

            (a)         enter into agreements including underwriting agreements;

            (b)         issue or cause the issue of a prospectus or other document containing information for potential purchasers of shares in the Bank;

            (c)         require the Bank to make application to the Australian Stock Exchange Limited for admission to the Official List of the Exchange and for official quotation of the shares in the Bank;

            (d)         require the Bank to issue to it further shares pursuant to section 26 of the existing Act in such number and on such terms as to payment as may be agreed between R & I Holdings and the Bank or in the absence of agreement as may be determined by the Treasurer;

            (e)         require the Bank to do anything else necessary or convenient to enable R & I Holdings to comply with a privatisation order.

        (3)         The Bank is to comply with any requirement made under subsection (2).

[ 11.         Deleted by No. 8 of 2009 s. 24.]



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