Commonwealth Numbered Acts

SNOWY MOUNTAINS ENGINEERING CORPORATION LIMITED SALE ACT 1993 No. 54, 1993 - SECT 19

19. (1) On and after the sale day, Division 4A of Part VII of the SRC Act
applies to SMEC as if:

   (a)  SMEC continues to be a Commonwealth authority; and

   (b)  SMEC is not required to pay a premium under that Division in respect
        of that part of a financial year which occurs after the sale day; and

   (c)  the following word and paragraph were added at the end of subsection
        96H(1):

"; or (f) in the case of an authority - the authority is not required to pay a
premium under this Division in respect of part of a financial year.".

(2) If, 60 days after the sale day, an amount of premium payable by SMEC to
Comcare in respect of a period before the sale day remains unpaid, the amount
is a debt due to the Commonwealth and payable to Comcare.