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reg 4

Vesting of undertaking

In force
Part 2Vesting of undertaking of BNZ in National

4 Vesting of undertaking

(1)

At the commencement time, the undertaking of BNZ is by virtue of this Part divested from BNZ and vested in National.

(2)

Subregulation (1) has no effect in relation to the employment of BNZ employees.

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Section 4 — Vesting of undertaking — Bank Mergers (National Australia Bank and Bank of New Zealand) Regulations 1997 (Western Australia) — Barrister AI