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s 34

Administration etc. of capital stock, debentures and inscribed stock

In force
Part 3Provisions applicable to Bank after privatisation
Division 6Continuation of certain provisions

34 Administration etc. of capital stock, debentures and inscribed stock

(1)

The provisions of the repealed Acts relating to —

(a)

the administration of the capital stock, debentures and inscribed stock issued under section 29A or 30 of the Rural and Industries Bank Act 1944 3; and

(b)

the determination of rights and obligations in respect of the same,

that applied to such capital stock, debentures and inscribed stock immediately before the appointed day are to be taken to be in force, with all necessary changes, so far as is necessary for the purposes referred to in paragraphs (a) and (b), but for no other purpose.

(2)

In subsection (1) the repealed Acts means —

(a)

the 1987 Act and the Act repealed by section 36 of that Act;

(b)

the Rural and Industries Bank of Western Australia Debentures and Inscribed Stock Regulations 1964;

(c)

the Rural and Industries Bank (Capital Stock) Regulations 1986.

(3)

The Governor may, by further regulations, amend or repeal the regulations referred to in subsection (2).

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