Commonwealth Consolidated Acts

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CFM SALE ACT 1996 - SECT 3

Definitions

             (1)   In this Act, unless the contrary intention appears:

"CFM" means the body corporate known before the day declared under section 25 as Commonwealth Funds Management Limited:

                     (a)   by whatever name called from time to time; and

                     (b)   in whatever form that body corporate takes from time to time.

"CFM body" means CFM or a transferred body.

"CFM subsidiary" means a body corporate that is a subsidiary of CFM.

"related" body means:

                     (a)   in relation to CFM—a body corporate that is related to CFM; or

                     (b)   in relation to a transferred body—a body corporate that is related to the transferred body.

"sale day" means:

                     (a)   in relation to CFM—the day declared under section 25 to be the sale day for CFM; or

                     (b)   in relation to a transferred body—the day declared under section 26 to be the sale day for that body.

"share" , in relation to a body corporate, means a share in the body’s share capital.

"subsidiary" has the meaning given by subsection (2).

"transferred body" means a body corporate that was a CFM subsidiary all of the shares in which were transferred by CFM to the Commonwealth in accordance with the Minister’s direction under section 7.

"transferred employee" means a person whose employment is transferred in accordance with a declaration under section 9.

"transfer time" , in relation to an employee, has the meaning given by section 9.

"voting share" has the same meaning as in the Corporations Act 2001 .

             (2)   For the purposes of this Act, the question whether a body corporate is a subsidiary of another body corporate is to be determined in the same manner as that question is determined under the Corporations Act 2001 .

             (3)   For the purposes of this Act, the question whether a body corporate is related to another body corporate is to be determined in the same manner as that question is determined under the Corporations Act 2001 .



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