New South Wales Consolidated Acts

SUPERANNUATION (AXIOM FUNDS MANAGEMENT CORPORATION) ACT 1996

- As at 6 July 2009
- Act 40 of 1996

TABLE OF PROVISIONS

           Long Title

   PART 1 - PRELIMINARY

   1.      Name of Act
   2.      Commencement
   3.      Objects of Act
   4.      Definitions
   5.      Notes in text

   PART 2 - (Repealed)
   None

   PART 3 - CONVERSION OF AFMC TO COMPANY (AFML)
   Note

           Division 1 - Preliminary

   38.     Object of Part
   39.     Definition

           Division 2 - Creation of capital structure and other steps prior to conversion to public company

   40.     Share capital of AFML
   41.     Issue of shares in AFML
   42.     Steps to be taken by AFMC before conversion
   43.     Contents of memorandum and articles
   44.     Company name

           Division 3 - Conversion of AFMC to AFML

   45.     AFMC taken to be registered under Corporations Law as public company
   46.     New name of AFMC
   47.     Memorandum and articles of AFML to have effect
   48.     Membership of AFML
   49.     Treasurer may act for State as shareholder
   50.     Continuity of AFMC and construction of references to AFMC
   51.     Continuity of contracts and arrangements
   52.     Consequential amendments and repeal

           Division 4 - Management of AFML after conversion and before sale

   53.     When Division applies
   54.     Ministerial control of AFML
   55.     Status of AFML
   56.     Application of certain provisions of State Owned Corporations Act 1989 to AFML

   PART 4 - SALE OF AFML TO PRIVATE SECTOR

           Division 1 - Sale process

   57.     Authorisation of sale of AFML
   58.     Approved buyers
   59.     Negotiations and agreements for sale of AFML
   60.     Application of legislation
   61.     Amendment of memorandum and articles of association
   62.     No government guarantees

           Division 2 - Results of sale

   63.     Proceeds of sale
   64.     Staff
   65.     Obligations during period following completion

   PART 5 - MISCELLANEOUS

   66.     Act binds Crown
   67.     Proceedings for offences
   68.     Regulations
   69.     Savings and transitional provisions
   70.     Protection of contractual and other obligations
   71.     Exemption from tax for conversion documents and other documents
   72.     Review of Act
           SCHEDULE 1
           SCHEDULE 2
           SCHEDULE 3
           SCHEDULE 4