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ABORIGINAL DEVELOPMENT COMMISSION ACT 1980 No. 34 of 1980 - SECT 55

Vesting of shares in Aboriginal Arts and Crafts Pty. Ltd. in Australia Council

55. On the date on which the Aboriginal Loans Commission Act 1974 is repealed,
all the shares in the capital of Aboriginal Arts and Crafts Pty. Ltd., being a
company incorporated under the Companies Ordinance 1962, as amended, of the
Australian Capital Territory, that were, immediately before that date,
beneficially owned by the Loans Commission are, by force of this section,
vested in the Council established by the Australia Council Act 1975. 


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