Bank of South Australia (Merger with Advance Bank) Act 1996

ABAL is to pay to the Treasurer in lieu of all taxes, duties and charges for which it would otherwise be liable under the law of the State as a result of, or in connection with, the transfer of the undertaking of BSAL to ABAL a sum which is, in the opinion of the Treasurer, equal to the amount of those taxes, duties and charges.

The amount payable under subsection (1) is to be determined by the Treasurer in accordance with such principles as the Treasurer thinks appropriate.

The Treasurer is to give a certificate to ABAL when satisfied that the sum due under subsection (1) has been paid stating that the sum due under that subsection has been paid.

In this section —

Treasurer means the Treasurer of the State.

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in section 19 of that Act “the Real Property Act 1886 or” were omitted;

references in section 21(1) and (2) of that Act to the Business Names Act 1963 were references to the Business Names Act 1962 of this State; and

section 22 of that Act were omitted and references in that Act to a proclamation were references to a proclamation made by the Governor of South Australia.