Commonwealth Consolidated Acts Commonwealth Consolidated ActsIn this Act, unless the contrary intention appears:
"Airlines Act" means the Australian National Airlines Act 1945 .
"amount" includes a nil amount.
"articles" means articles of association.
"Australian Capital Territory" includes the Jervis Bay Territory .
"authorised person" means:
(a) the Minister; or
(b) a person who is declared, by writing signed by the Minister, to be an authorised person for the purposes of section 36.
"continuing provision" means:
(a) section 19A of the Airlines Act; or
(b) a repealed provision of, or of regulations under, the Airlines Act, as that provision continues, by virtue of this or any other Act, to have effect.
"employment" , in relation to a staff member, means employment by, or service with, the transferring body.
"group company" means:
(a) the transferring body; or
(b) a wholly - owned subsidiary of the transferring body.
"holding company" means the body corporate (if any) nominated under section 6.
"liability" includes a debt or obligation.
"memorandum" means memorandum of association.
"new group company" has the meaning given by section 7.
"property" means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description and, without limiting the generality of the foregoing, includes any asset within the meaning of Part IIIA of the Tax Act.
"reorganisation" means the period beginning on the day after this Act receives the Royal Assent and ending immediately before the transition.
"share" , in relation to a body corporate, means a share in the share capital of the body corporate.
"staff member" means a person who, immediately before the transition, was:
(a) the general manager of the transferring body;
(b) an officer of the transferring body appointed under subsection 17(1) of the Airlines Act; or
(c) a temporary or casual employee of the transferring body appointed under section 18 of the Airlines Act.
"subsidiary" has the meaning given by section 9.
"Tax Act" means the Income Tax Assessment Act 1936 .
"transfer" includes a sale, conveyance or assignment.
"transferring body" means the body corporate that, before the commencement of this section, existed, by virtue of section 6 of the Airlines Act, under the name "Australian National Airlines Commission".
"transition" means the commencement of section 15.
"wholly-owned subsidiary" , in relation to a body corporate (in this definition called the holding body ), means a body corporate:
(a) that is a subsidiary of the holding body;
(b) none of whose members is a person other than:
(i) the holding body;
(ii) a body corporate that is, by virtue of any other application or applications of this definition, a wholly - owned subsidiary of the holding body; or
(iii) a nominee of the holding body or of a body of a kind referred to in subparagraph ( ii); and
(c) no share in which is beneficially owned by a person other than:
(i) the holding body; or
(ii) a body of a kind referred to in subparagraph ( b)(ii).