Commonwealth Consolidated Acts

AUSTRALIAN AIRLINES (CONVERSION TO PUBLIC COMPANY) ACT 1988 - SECT 34

    In this Division:

"exempt matter" means:

  (a)   an issue of shares under subsection 11(3) or 12(1), other than an issue to the holding company made after the transition;

  (b)   a transfer of property, during the reorganisation, by the transferring body to a group company;

  (c)   an issue of shares, during the reorganisation, by a group company to the transferring body;

  (d)   the assumption by a group company, during the reorganisation, of a liability of the transferring body;

  (e)   the transferring body's deemed registration as a company under subsection 86(2) of the Companies Act 1981 ;

  (f)   the change of name made by subsection 16(1) of this Act;

  (g)   the operation of this Act; or

  (h)   giving effect to a matter referred to in another paragraph of this definition.

"tax" includes:

  (a)   sales tax;

  (b)   tax imposed by the Debits Tax Act 1982 ;

  (c)   stamp duty; and

  (d)   any other tax, duty, levy or charge;

but does not include income tax imposed as such by a law of the Commonwealth.