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Australian Airlines (Conversion to Public Company) Act 1988
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Department of Infrastructure, Transport, Regional Development, Communications, Sport and the Arts
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C2012C00793
22 September 2012
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Part I—Preliminary
1 Short title [see Note 1]
2 Commencement [see Note 1]
3 Extension to Territories
4 This Act has effect despite Airlines Act
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Part II—Interpretation
5 Interpretation
6 Minister may nominate holding company
7 New group companies
9 Subsidiaries
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Part III—Capital structure of the Australian Airlines group
10 Share capital of transferring body
11 Issue of shares in transferring body
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Part IV—Conversion of Australian Airlines to public company
15 Deemed registration under Companies Act
16 New name of transferring body
17 Memorandum and articles of transferring body
18 Membership of transferring body
19 Application of certain provisions of Companies Act
20 Accounting records
21 Accounts
22 Operation of section 25B of Acts Interpretation Act
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Part VI—Staff matters
29 Employment of staff members continues after transition
30 This Act not to affect certain matters relating to staff members
31 Effect of sections 29 and 30
32 Variation of terms and conditions
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Part VII—Taxation matters
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Division 1—Exemption from certain taxes
34 Interpretation
35 Exemptions relating to exempt matters
36 Authorised person may certify in relation to exemptions
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Division 2—Application of various Tax Act provisions
37 Deemed share capital of transferring body
38 Holding company deemed non-existent before issue of shares in transferring body
39 Application of section 25A of the Tax Act
40 Application of section 26AAA of the Tax Act
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Division 3—Investment allowance not affected by certain transactions
41 Interpretation
42 Disposal of property to new group company
43 Substitution of new group company as lessee of property
44 Lease assigned to new group company
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Division 4—Application of capital gains tax provisions
45 Interpretation
46 Consideration
47 Relevant market value in relation to disposal
48 Notional assumed liability in relation to disposal
49 Disposal of asset by transferring body to new group company
50 Cancellation of shares under section 14
51 Treatment of shares in transferring body as at transition
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Part VIII—Amendments of the Airlines Act
52 Repeal of certain provisions
53 Reference of powers by States: transferring body
54 Reference of powers by States: group companies
55 Interpretation of continuing provisions
56 Judicial notice of Commission’s seal
57 Limitation of certain actions
58 Repeal of Australian National Airlines Regulations
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Part IX—Miscellaneous
60 Application of Superannuation Acts
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62 Compensation for acquisition of property
Notes to the STYLEREF ShortT \* MERGEFORMAT Australian Airlines (Conversion to Public Company) Act 1988