Commonwealth Consolidated Acts

AUSTRALIAN AIRLINES (CONVERSION TO PUBLIC COMPANY) ACT 1988 - SECT 7

                            For the purposes of this Act, a body corporate (other than the transferring body) is a new group company at a particular time (in this section called the relevant time ) if, and only if:

                     (a)  the body corporate became a group company after 31 December 1987 and was still a group company at the relevant time; and

                     (b)  at no time before 1 January 1988 was the body corporate a subsidiary of the transferring body.