AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970 - SECT 5A Modification of the Commonwealth Authorities and Companies Act 1997--how that Act applies to subsidiaries

Commonwealth Consolidated Acts

Modification of the Commonwealth Authorities and Companies Act 1997--how that Act applies to subsidiaries

(1) Sections 15, 16 and 17, subsection 28(2) and section 29 of the Commonwealth Authorities and Companies Act 1997 have effect, as they apply to the Corporation, as if a reference in any of those provisions to a subsidiary were instead a reference to an eligible subsidiary in relation to the Corporation as defined in section 4 of this Act.

(2) Finance Minister's Orders referred to in subsection 13(2) of the Commonwealth Authorities and Companies Act 1997 cannot require the Corporation to include, in reports under section 13 of that Act, information about a subsidiary of the Corporation that is not an eligible subsidiary (as defined in section 4 of this Act).