Commonwealth Numbered Acts

NATIONAL RAIL CORPORATION AGREEMENT ACT 1992 No. 26, 1992 - SECT 13

13.(1) The Auditor-General is taken to have been appointed under subsection
327(3) of the Corporations Law of the Australian Capital Territory as auditor
of the Company, with effect from the commencement of this section.

(2) Sections 328 and 329 of the Corporations Law of the Australian Capital
Territory do no apply in relation to the Company so long as no person owns
beneficially (whether as sole owner or as co-owner) more voting shares (within
the meaning of that Law) in the Company than the Commonwealth so owns.

(3) Nothing done, or omitted to be done, by the Auditor-General as auditor of
the Company makes the Auditor-General liable to be prosecuted for an offence.

(4) Because of this subsection, the auditor or auditors of the Company in
office immediately before the commencement of this section ceases or cease at
that commencement to hold office.

(5) No amount is payable to a person because of, or in connection with, an
auditor of the Company ceasing to hold office because of subsection (4).

(6) Subsection (5) does not affect:

   (a)  an entitlement in so far as it relates to a period before the
        commencement of this section; or

   (b)  an entitlement under section 331 of the Corporations Law or under
        section 14 of this Act.

(7) Subject to subsection (6), this section has effect despite any provision
of the Corporations Law of the Australian Capital Territory.