Commonwealth Consolidated Acts

AUSTRALIAN AIRLINES (CONVERSION TO PUBLIC COMPANY) ACT 1988 - SECT 46

    In determining for the purposes of this Division what is the consideration in respect of a disposal of an asset to a person, the following shall be disregarded:

  (a)   an interest or right, by way of security, subject to which the asset is acquired by the person;

  (b)   the assumption by the person of a liability.