Commonwealth Numbered Acts

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997 No. 153 of 1997 - SECT 7

(1) In this Act, Commonwealth authority means either of the following kinds of
body that holds money on its own account:

   (a)  a body corporate that is incorporated for a public purpose by an Act;

   (b)  a body corporate that is incorporated for a public purpose by:

        (i)    regulations under an Act; or

        (ii)   an Ordinance of an external Territory (other than Norfolk
               Island) or regulations under such an Ordinance; and is
               prescribed for the purposes of this paragraph by regulations
               under this Act.

(2) None of the following are Commonwealth authorities:

   (a)  Corporations Law companies;

   (b)  Aboriginal associations incorporated under Part IV of the
        Aboriginal Councils and Associations Act 1976;

   (c)  associations of employees that are organisations within the meaning of
        the Workplace Relations Act 1996.

(3) For the purposes of subsection (1), all money that a body holds is taken
to be held by it on its own account, unless the money is public money as
defined in section 5 of the Financial Management  and Accountability Act 1997
.