Document ID: chunk:federal_register_of_legislation:C2016C00828:section:5:p2
Version: federal_register_of_legislation:C2016C00828
Segment Type: section
Provision Reference: s 5 (pt 2/3)
Character Range: 6479–9112

the operation of this Act in respect of BNZ and BNZ Savings, means a law of New Zealand to vest the undertaking of BNZ Savings in BNZ and to enable the subsequent dissolution of BNZ Savings.
proceeding to which this Act applies, in relation to a receiving bank, means a legal proceeding (including a proceeding before an administrative tribunal or an arbitration) that relates to business that becomes transferred business in relation to that bank.
receiving bank means a bank whose name is included in Column 1 of Schedule 1.
relevant receiving bank, in relation to a transferring bank, means the receiving bank whose name is included in Column 1 of Schedule 1 opposite the name of the transferring bank in Column 2 of that Schedule.
relevant transferring bank, in relation to a receiving bank, means a transferring bank whose name is included in Column 2 of Schedule 1 opposite the name of the receiving bank in Column 1 of that Schedule.
security, in relation to payment of a debt or other liability, includes an agreement to give such a security on demand or otherwise.
succession day, in relation to a receiving bank and a relevant transferring bank, means the day fixed under section 9 as the succession day for those banks.
tax includes:
 (b) stamp duty; and
 (c) any other tax, duty, levy or charge; and
 (d) any fee (however described) that is not a tax.
transferred asset, in relation to a receiving bank, means an asset that has become, under this Act, an asset of the receiving bank.
transferred business, in relation to a receiving bank, means the business that has become, under this Act, business of the receiving bank.
transferred liability, in relation to a receiving bank, means a liability that has become, under this Act, a liability of the receiving bank.
transferring bank means a bank whose name is included in Column 2 of Schedule 1.
translated instrument, in relation to a particular transferring bank, means an instrument (including a legislative instrument other than this Act) subsisting immediately before the succession day for that bank and the relevant receiving bank:
 (a) to which the transferring bank is a party; or
 (b) that was given to, by or in favour of, the transferring bank; or
 (c) that refers to the transferring bank; or
 (d) under which money is, or may become, payable, or other property is, or may become, liable to be transferred, to or by the transferring bank.
 (2) Where reference is made in this Act to anything done for a purpose connected with, or arising out of, the operation or effect of this Act or of any complementary legislation or any parallel New Zealand legislation,