15
In forcePlaces of business
Part 3Bank reorganisations
15 Places of business
(1)
Subject to subsection (2), on and after the succession day for a receiving bank and the relevant transferring bank, a place that, immediately before that day, was a place of business for the transferring bank is taken to be a place of business for the receiving bank.
(2)
In its application to BNZ and BNZ Savings, subsection (1) applies only to places of business in Australia or the external Territories.
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