Interpretation
4 Interpretation
In this Act, unless the contrary intention appears —
A.N.Z. Savings Bank means Australia and New Zealand Savings Bank Limited;
appointed day means the day of the coming into operation of this Act;
E.S.A. Savings Bank means E.S. & A. Savings Bank Limited;
excluded assets means —
any document required to be kept by an existing bank or by E.S.A. Savings Bank pursuant to the provisions of the Companies Act 1961 1; and
any land that is, immediately before the appointed day, vested in, belonging to, or held by, an existing bank or E.S.A. Savings Bank otherwise than by way of security and while so vested, so belonging or so held after that day,
and excluded asset shall be construed accordingly;
existing banks means Australia and New Zealand Bank Limited and The English, Scottish and Australian Bank, Limited, and existing bank shall be construed accordingly;
land includes any estate, interest or right (whether legal or equitable) in, over or under land;
liabilities means duties and obligations of every description but does not include any duty or obligation of an existing bank or E.S.A. Savings Bank relating to an excluded asset;
property means property and assets of every description of an existing bank or E.S.A. Savings Bank, and includes securities, rights and powers of every description, vested in, or exercisable by, an existing bank or vested in, or exercisable by, E.S.A. Savings Bank;
security means a mortgage (whether legal or equitable), charge, debenture, bill of exchange, promissory note, guarantee, lien, pledge or other means of securing the payment of a debt, whether present or future, or the discharge of an obligation or liability, whether actual or contingent;
the Bank means Australia and New Zealand Banking Group Limited;
the undertaking of an existing bank means the business and all the property, except any excluded asset or any right or power of an existing bank relating to an excluded asset, vested in, or belonging to, or held by, that existing bank immediately before the appointed day and all liabilities to which that existing bank is subject immediately before that day, and the undertakings of the existing banks shall be construed accordingly;
the undertaking of E.S.A. Savings Bank means the business and all the property, except any excluded asset or any right or power of E.S.A. Savings Bank relating to an excluded asset, vested in, or belonging to, or held by, E.S.A. Savings Bank immediately before the appointed day and all the liabilities to which E.S.A. Savings Bank is subject immediately before that day.
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