Commonwealth Numbered Acts

HEALTH INSURANCE COMMISSION (REFORM AND SEPARATION OF FUNCTIONS) ACT 1997 No. 159 of 1997 - SECT 45

(1) Section 186 and paragraph 461(d) of the Corporations Law do not apply to
the nominated company.

(2) If the nominated company is Commission-owned, subsection 249(7) of the
Corporations Law applies to the nominated company as if:

   (a)  the Commission were a holding company (within the meaning of that
        subsection) of the nominated company; and

   (b)  the Chairperson of the Commission were a representative of the
        Commission authorised under subsection 249(3) of the Corporations Law.

(3) If the nominated company is not Commission-owned, subsection 249(7) of the
Corporations Law applies to the nominated company as if:

   (a)  the Commonwealth were a holding company (within the meaning of that
        subsection) of the nominated company; and

   (b)  the Minister were a representative of the Commonwealth authorised
        under subsection 249(3) of the Corporations Law.