Western Australian Consolidated Acts

BANK OF WESTERN AUSTRALIA ACT 1995 - SECT 27

27 .         Use of former name and derivatives of it

        (1)         A person must not — 

            (a)         use the name “The Rural and Industries Bank of Western Australia” or the name “R & I Bank of Western Australia Ltd”; or

            (b)         use any company, corporate, business, trading or other name substantially similar to either of the names referred to in paragraph (a); or

            (c)         use the prefix “R & I” as part of any bank description without the approval in writing of the Minister.

        (2)         In subsection (1)(c) bank description means any company, corporate, business, trading or other name, or other trade description or symbol, used in connection with banking business or the provision of financial services.

        (3)         The prohibition in subsection (1) extends to the Crown.

        (4)         The use of names and descriptions, as governed by this section, is declared to be an excluded matter for the purposes of section 5F of the Corporations Act 2001 of the Commonwealth in relation to the whole of the Corporations legislation to which Part 1.1A of that Act applies.

        [Section 27 amended by No. 10 of 2001 s. 20.]

[ 28.         Omitted under the Reprints Act 1984 s. 7(4)(e)  ⁷ .]