s 42J
In forceMinimum points of presence required
Part 5AProvisions relating to transfer of BWA business and conduct of Bankwest business
Division 3Obligations relating to 5 year period after transfer day
42J Minimum points of presence required
(1)
The Bankwest owner must ensure that, at all times during the relevant period, the number of points of presence in Western Australia is equal to or greater than the points of presence threshold except to the extent that the Minister approves in writing.
(2)
The Minister must not give approval for the purposes of subsection (1) unless the Minister is satisfied that any proposed reduction below the points of presence threshold is consistent with market trends in the financial services industry.
[Section 42J inserted: No. 14 of 2012 s. 7.]
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