QANTAS SALE ACT 1992

This compilation was prepared on 20 April 2012
taking into account amendments up to Act No. 127 of 2011

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General's Department, Canberra

Contents

Part 1--Preliminary 1

1............ Short title [see Note 1] ........................................................................ 1

2............ Commencement [see Note 1] .............................................................. 1

3............ Interpretation ....................................................................................... 2

Part 2--Determination of substantial minority, 50% and 100% sale days 4

4............ The substantial minority sale day ........................................................ 4

5............ The 50% sale day ................................................................................ 4

6............ The 100% sale day .............................................................................. 4

Part 3--Requirements regarding Qantas' articles of association 5

7............ Qantas' articles of association to include certain provisions ................ 5

8............ Inconsistent alterations to Qantas' articles of association to have no effect 10

9............ Qantas to maintain a register of shares in which foreign persons have a relevant interest 10

10.......... Injunctions ........................................................................................ 11

11.......... Delegation by Minister ...................................................................... 13

12.......... Jurisdiction of courts ......................................................................... 13

13.......... This Part to have effect despite Corporations Act ............................. 13

Part 4--Debt and capital reconstruction in connection with the sale of Qantas 14

Division 1--Commonwealth guarantees 14

14.......... Commonwealth guarantee of certain borrowings .............................. 14

Division 2--Appropriation to enable the provision of share capital to, or the assumption of certain debts in connection with, Qantas 15

15.......... Payment for share subscription ......................................................... 15

16.......... Commonwealth takeover of certain Commonwealth-guaranteed obligations in connection with Qantas 16

17.......... Commonwealth takeover of certain obligations in connection with Qantas other than those referred to in section 16 .......................................................................................................... 17

19.......... Application of the Loans Securities Act 1919 ................................... 17

Division 3--Miscellaneous 18

20.......... Anything done under this Part taken not to be form of Commonwealth finance 18

21.......... This Part to have effect despite Corporations Act ............................. 18

Part 5--Amendment of the Long Service Leave (Commonwealth Employees) Regulations 19

Sections 22, 23 ................................................................................................. 19

Part 6--Repeal of the Qantas Empire Airways Act 1948 and the Australian National Airlines Act 1945 20

24.......... Repeal of the Qantas Empire Airways Act 1948 ............................... 20

Part 7--Transitional and saving provisions 21

26.......... Transitional long service leave provisions relating to employees of Australian Airlines 21

27.......... Transitional provisions relating to the SRC Act ................................ 25

28.......... Transitional provisions relating to the Commonwealth Borrowing Levy Act 1987 27

29.......... Saving--DFRDB Act ....................................................................... 27

30.......... Saving--DPP Act ............................................................................. 28

31.......... Saving--Judiciary Act 1903 ............................................................. 28

32.......... Saving--Long Service Leave Act ..................................................... 29

33.......... Saving--Superannuation Act 1922 ................................................... 29

34.......... Saving--Superannuation Act 1976 ................................................... 30

Part 8--Other provisions relating to the sale of Qantas 31

36.......... Repeal of section 35 .......................................................................... 31

38.......... Repeal of section 37 .......................................................................... 31

39.......... Australian Airlines not to be established by or under an Act ............ 31

40.......... Exemption from State and Territory taxes and charges ..................... 31

41.......... Regulations connected with the sale of Qantas .................................. 33

42.......... Cessation of certain mobility rights ................................................... 33

45.......... Refund of licence fee paid under the SRC Act .................................. 34

46.......... Refund of contribution paid under the Occupational Health and Safety (Commonwealth Employment) Act 1991 34

47.......... Qantas and its subsidiaries not to be eligible or relevant bodies for the purposes of the Superannuation Benefits (Supervisory Mechanisms) Act 1990 ................................................ 35

48.......... Amendment of declaration under the SRC Act ................................. 36

49.......... Amendment of declaration under the Superannuation Act 1976 ....... 36

51.......... Repeal of section 50 .......................................................................... 36

Schedule--Amendments of Acts relating to Qantas or its subsidiaries 37

Part 1--Interim amendments to be made on or after the substantial minority sale day 37

Part 2--Permanent amendments to be made on or after the substantial minority sale day 38

Part 4--Permanent amendments to be made on or after 50% sale day 39

Part 5--Amendments to be made on or after 100% sale day reversing amendments made by Part 1 of the Schedule 40

Notes 41

An Act relating to the sale of Qantas Airways Limited, and for related purposes

Notes to the Qantas Sale Act 1992

Note 1

The Qantas Sale Act 1992 as shown in this compilation comprises Act No. 196, 1992 amended as indicated in the Tables below.

Sections 35, 37 and 50 are repealed, see sections 36, 38 and 51.

For application, saving or transitional provisions made by the Corporations (Repeals, Consequentials and Transitionals) Act 2001, see Act No. 55, 2001.

For application, saving or transitional provisions made by Schedule 1 (item 7) of the Business Names Registration (Application of Consequential Amendments) Act 2011, see Act No. 172, 2011.

For all other relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Qantas Sale Act 1992	196, 1992	21 Dec 1992	Ss. 22, 23, 26, 27, 29, 32-34, 42, 45-49 and Schedule (Part 4): 30 July 1995 (see Gazette 1995, No. S324) S. 25 and Schedule (Parts 3, 6, 7): (a) Ss. 30, 31, 35, 37, 39, 43, 50 and Schedule (Parts 1, 2): 10 Mar 1993 (see Gazette 1993, No. GN17) Ss. 36, 38, 44, 51 and Schedule (Part 5): 30 Aug 1995 (see Gazette 1995, No. S324) Remainder: Royal Assent
Qantas Sale Amendment Act 1993	60, 1993	3 Nov 1993	10 Mar 1993	--
Transport and Communications Legislation Amendment Act (No. 2) 1993	5, 1994	18 Jan 1994	Schedule (items 70, 71): Royal Assent (b)	--
Qantas Sale Amendment Act 1994	168, 1994	16 Dec 1994	Schedule (items 7-9, 13-16, 18): (c) Schedule (items 10, 11): (c) Schedule (items 19, 20): (c) Remainder: Royal Assent	--
Qantas Sale Amendment Act 1995	44, 1995	15 June 1995	15 June 1995	--
Superannuation Legislation Amendment Act (No. 1) 1995	54, 1995	23 June 1995	Schedule 8: Royal Assent (d)	--
Audit (Transitional and Miscellaneous) Amendment Act 1997	152, 1997	24 Oct 1997	Schedule 2 (item 1143): 1 Jan 1998 (see Gazette 1997, No. GN49) (e)	--
Public Employment (Consequential and Transitional) Amendment Act 1999	146, 1999	11 Nov 1999	Schedule 1 (items 755-759): 5 Dec 1999 (see Gazette 1999, No. S584) (f)	--
Corporate Law Economic Reform Program Act 1999	156, 1999	24 Nov 1999	Schedule 5 (items 26, 27): 13 Mar 2000 (see Gazette 2000, No. S114) (g)	--
Corporations (Repeals, Consequentials and Transitionals) Act 2001	55, 2001	28 June 2001	Ss. 4-14 and Schedule 3 (items 444-457): 15 July 2001 (see Gazette 2001, No. S285) (h)	Ss. 4-14 [see Note 1]
Australian Citizenship (Transitionals and Consequentials) Act 2007	21, 2007	15 Mar 2007	Schedules 1-3: 1 July 2007 (see s. 2(1) and F2007L01653) Remainder: Royal Assent	--
Financial Framework Legislation Amendment Act 2010	148, 2010	17 Dec 2010	Schedule 11 (items 14-17): 18 Dec 2010	--
Acts Interpretation Amendment Act 2011	46, 2011	27 June 2011	Schedule 2 (item 965) and Schedule 3 (items 10, 11): 27 Dec 2011	Sch. 3 (items 10, 11)
Business Names Registration (Transitional and Consequential Provisions) Act 2011	127, 2011	3 Nov 2011	Schedule 2 (item 25): 20 Apr 2012 (see s. 2(1))	--

(a) Subsections 2(2) and (6) of the Qantas Sale Act 1992 provide as follows:

(2) Subject to subsection (3), the remaining provisions of this Act commence on a day or days to be fixed by Proclamation.

(6) If a provision of this Act has not commenced before 31 August 1995, the provision is taken to have been repealed on that day.

Section 25 and Schedule (Parts 3, 6, 7) of the Qantas Sale Act 1992 are taken to have been repealed on 31 August 1995.

(b) The Qantas Sale Act 1992 was amended by the Schedule (items 70 and 71) only of the Transport and Communications Legislation Amendment Act (No. 2) 1993, subsection 2(1) of which provides as follows:

(1) Subject to subsections (2) to (10) (inclusive), this Act commences on the day on which it receives the Royal Assent.

(c) Subsections 2(2)-(9) of the Qantas Sale Amendment Act 1994 provides as follows:

(2) Items 7 and 18 of the Schedule commence immediately after the commencement of section 27 of the Qantas Sale Act 1992.

(3) Item 8 of the Schedule commences immediately after the commencement of section 45 of the Qantas Sale Act 1992.

(4) Item 9 of the Schedule commences immediately after the commencement of section 48 of the Qantas Sale Act 1992.

(5) Item 10 of the Schedule commences immediately after the commencement of Part 3 of the Schedule to the Qantas Sale Act 1992.

(6) Item 11 of the Schedule commences immediately after the commencement of Part 6 of the Schedule to the Qantas Sale Act 1992.

(7) Items 13, 14 and 15 of the Schedule commence immediately after the commencement of section 26 of the Qantas Sale Act 1992.

(8) Item 16 of the Schedule commences immediately after the commencement of section 32 of the Qantas Sale Act 1992.

(9) Items 19 and 20 of the Schedule commence immediately after the commencement of Part 5 of the Schedule to the Qantas Sale Act 1992.

Sections 26, 27, 32, 45 and 48 of the Qantas Sale Act 1992 commenced on 30 July 1995 (see Gazette 1995, No. S324).

Parts 3 and 6 of the Schedule to the Qantas Sale Act 1992 are taken to have been repealed on 31 August 1995.

Part 5 of the Schedule to the Qantas Sale Act 1992 commenced on 30 August 1995 (see Gazette 1995, No. S324).

(d) The Qantas Sale Act 1992 was amended by Schedule 8 only of the Superannuation Legislation Amendment Act (No. 1) 1995, subsection 2(1) of which provides as follows:

(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(e) The Qantas Sale Act 1992 was amended by Schedule 2 (item 1143) only of the Audit (Transitional and Miscellaneous) Amendment Act 1997, subsection 2(2) of which provides as follows:

(2) Schedules 1, 2 and 4 commence on the same day as the Financial Management and Accountability Act 1997.

(f) The Qantas Sale Act 1992 was amended by Schedule 1 (items 755-759) only of the Public Employment (Consequential and Transitional) Amendment Act 1999, subsections 2(1) and (2) of which provide as follows:

(1) In this Act, commencing time means the time when the Public Service Act 1999 commences.

(2) Subject to this section, this Act commences at the commencing time.

(g) The Qantas Sale Act 1992 was amended by Schedule 5 (items 26 and 27) only of the Corporate Law Economic Reform Program Act 1999, subsection 2(2)(b) of which provides as follows:

(2) The following provisions commence on a day or days to be fixed by Proclamation:

(b) the items in Schedules 1 to 7 (other than item 18 of Schedule 7);

(h) The Qantas Sale Act 1992 was amended by Schedule 3 (items 444-457) only of the Corporations (Repeals, Consequentials and Transitionals) Act 2001, subsection 2(3) of which provides as follows:

(3) Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.

Table of Amendments

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
Part 1
S. 2......................................	am. No. 60, 1993; No. 168, 1994
S. 3......................................	am. No. 168, 1994; No. 55, 2001
Part 3
S. 7......................................	am. No. 168, 1994; No. 44, 1995; No. 156, 1999; No. 55, 2001; No. 21, 2007; Nos. 46 and 127, 2011
S. 8......................................	am. No. 55, 2001
S. 9......................................	am. No. 156, 1999; No. 55, 2001
S. 11....................................	am. No. 146, 1999
Heading to s. 13................	am. No. 55, 2001
S. 13....................................	am. No. 55, 2001
Part 4
Division 2
S. 18....................................	rep. No. 148, 2010
Division 3
S. 20....................................	am. No. 146, 1999
Heading to s. 21................	am. No. 55, 2001
S. 21....................................	am. No. 55, 2001
Part 7
S. 26....................................	am. No. 168, 1994
Heading to s. 27................	am. No. 168, 1994
S. 27....................................	am. No. 168, 1994
S. 31....................................	am. No. 146, 1999
S. 32....................................	am. No. 168, 1994
S. 34....................................	am. No. 54, 1995
Part 8
S. 35....................................	rep. No. 196, 1992
S. 37....................................	am. No. 60, 1993
	rep. No. 196, 1992
S. 40....................................	am No. 146, 1999; No. 55, 2001
S. 43....................................	rep. No. 196, 1992
S. 44....................................	rep. No. 152, 1997
Heading to s. 45 ...............	am. No. 168, 1994
S. 45....................................	am. No. 168, 1994; No. 148, 2010
S. 46....................................	am. No. 148, 2010
Heading to s. 48 ...............	am. No. 168, 1994
S. 48....................................	am. No. 168, 1994
S. 50....................................	rep. No. 196, 1992
Schedule
Schedule............................	am. Nos. 5 and 168, 1994

Commonwealth Consolidated Acts

QANTAS SALE ACT 1992 - NOTES