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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