Australian Capital Territory Current Acts

FINANCIAL MANAGEMENT ACT 1996 - SECT 75

    (1)     In this section:

"applied Corporations Act provisions" means the following provisions of the Corporations Act

:

        (a)     section 127 (which is about the execution of documents by a company);

        (b)     section 128 (which is about a person's entitlement to make certain assumptions in dealing with a company);

        (c)     section 129 (which is about the assumptions that may be made).

    (2)     The applied Corporations Act

provisions apply to a relevant territory authority as if—

        (a)     a reference to a company were a reference to the authority; and

        (b)     a reference to a common seal were a reference to any seal of the authority; and

        (c)     a reference to a director were a reference to a board member; and

        (d)     a reference to a company's constitution were a reference to this Act and the establishing Act; and

        (e)     a reference to an officer of a company were a reference to the chief executive officer and any member of staff of the authority; and

        (f)     a reference to information available to the public from ASIC were a reference to information available to the public from the Territory; and

        (g)     any other necessary changes, and any change prescribed by regulation, were made.