Commonwealth Consolidated Acts

SNOWY MOUNTAINS ENGINEERING CORPORATION LIMITED SALE ACT 1993 - SECT 43

  (1)   A notice published in the Gazette before the sale day that declares a SMEC body to be an eligible body for the purposes of the Supervisory Mechanisms Act has effect on and after the sale day as if it did not contain a reference to a SMEC body.

  (2)   A notice published in the Gazette before the sale day that declares a SMEC body to be a relevant body for the purposes of the Supervisory Mechanisms Act has effect on and after the sale day as if it did not contain a reference to a SMEC body.

  (3)   Neither subsection   ( 1) nor (2) prevents the declaration as affected by that subsection being amended or revoked by the Minister.

  (4)   In subsection   ( 3):

"Minister" has the same meaning as in the Supervisory Mechanisms Act.