Re-transfers to the State Bank of South Australia or a designated subsidiary of the State Bank of South Australia
17 Re-transfers to the State Bank of South Australia or a designated subsidiary of the State Bank of South Australia
.(1) This section applies if:
a loan or prospective loan is transferred on a particular day (the “re-transfer day”) under a re-transfer provision from Bank of South Australia Limited to:
the State Bank of South Australia; or
a designated subsidiary of the State Bank of South Australia; and
immediately before the transfer, the loan or prospective loan was credit provided by Bank of South Australia Limited.
This Part and the Privacy Act 1988 have effect, on and after the re-transfer day, as if the loan or prospective loan were credit provided by the State Bank of South Australia or by the designated subsidiary, as the case requires, instead of by Bank of South Australia Limited.
Division 3—Disclosure of reports
Subdivision A—Transfers to Bank of South Australia Limited
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