Requirement for payment of amount instead of State taxes and charges
3 Requirement for payment of amount instead of State taxes and charges
In this section —
bank and merger have the same meanings as they have in the Bank Mergers Act 1997.
This section applies to a merger that is to be provided for under the Bank Mergers Act 1997.
In relation to a merger to which this section applies, the Treasurer may require one or more of the banks concerned —
to pay to the Treasurer instead of any duties, taxes, charges, rates or other imposts for which the bank or banks concerned would, but for the merger being provided for under the Bank Mergers Act 1997, be liable under the law of this State as a result of, or in connection with, the merger an amount that is, in the opinion of the Treasurer, equal to the amount of those duties, taxes, charges, rates or other imposts; and
to pay that amount before a day specified by the Treasurer or to give a written undertaking to pay the amount on or after that day.
This section does not apply to any fee or charge payable to the Registrar of Titles in respect of any act, dealing or other transaction relating to land.
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