Document ID: chunk:federal_register_of_legislation:C2023C00149:section:74c
Version: federal_register_of_legislation:C2023C00149
Segment Type: section
Provision Reference: s 74C
Character Range: 17441–18413

74C  Development Bank is not a Commonwealth authority or Commonwealth company etc.
 (1) This section has effect for the purposes of the laws of the Commonwealth, a State or a Territory. However, the effect of this section is subject to any express provision in the law concerned that refers specifically to the Development Bank.
 (2) The Development Bank is to be taken:
 (a) not to have been incorporated or established for a public purpose or for a purpose of the Commonwealth; and
 (b) not to be a public authority or an instrumentality or agency of the Crown; and
 (c) without limiting paragraphs (a) and (b), not to be a public authority under the Commonwealth for the purposes of the Crimes Act 1914.
 (3) The Commonwealth is to be taken:
 (a) not to have a controlling interest or substantial interest in the Development Bank; and
 (b) not to be in a position to control the Development Bank.

Part VIII—The Commonwealth Bank Officers Superannuation Corporation