Commonwealth Consolidated Acts

SNOWY HYDRO CORPORATISATION ACT 1997 - SECT 50

    Section   205 and Part   3.2A of the Corporations Act 2001 do not apply in relation to:

  (a)   any debt to the Commonwealth, or other liability, acquired by the Snowy Hydro Company (or the giving of any related security) in accordance with this Act, the New South Wales Corporatisation Act or the Victorian Corporatisation Act or any agreement under any such Act; or

  (b)   the acquisition of initial shares in the Company by the Commonwealth, New South Wales or Victoria .