Australian Capital Territory Consolidated Acts

TERRITORY-OWNED CORPORATIONS ACT 1990 - SCHEDULE 5

Schedule 5     Modifications in relation to ACTTAB Limited

(see s 4 (2))

1     Meaning of company

In this schedule:

"company" means ACTTAB Limited.

2     Operation of s 14
Section 14 (1)

substitute

    (1)     Subject to subsection (1A), a territory-owned corporation or a subsidiary must not enter into a specified transaction if, as a result of the transaction, a company would or could become a partially owned subsidiary of the territory-owned corporation or subsidiary.

    (1A)     Subsection (1) does not apply to the company.

3     Operation of s 16
Section 16

insert

    (7)     In this section:

"subsidiary", in relation to a territory-owned corporation, means a body corporate that under the Corporations Act is a subsidiary of the corporation.

5     Exclusion of s 33A

Section 33A does not apply in relation to the company or the staff of the company.