Document ID: chunk:federal_register_of_legislation:C2023C00417:section:54:p2
Version: federal_register_of_legislation:C2023C00417
Segment Type: section
Provision Reference: s 54 (pt 2/2)
Character Range: 94615–95764

do not, by implication, limit subsection (2).

Designated company
 (8) For the purposes of this section, a designated company is:
 (a) a wholly‑owned Commonwealth company; or
 (b) a body corporate specified in a written declaration made by the Finance Minister under this paragraph.

Legislative instruments
 (9) A determination under subsection (4) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the determination.
 (10) A declaration under paragraph (8)(b) is not a legislative instrument.
 (11) To the extent that an NBN Co sale scheme is in writing, it is not a legislative instrument.

Definitions
 (12) In this section:
interest in a share has the meaning given by section 75.
modification has the same meaning as in the Corporations Act 2001.
transfer, in relation to an interest in a share, includes the creation of the interest.
wholly‑owned Commonwealth company has the same meaning as in the Public Governance, Performance and Accountability Act 2013 (in working out whether a company is covered by this definition, ignore any sale‑scheme hybrid securities issued by the company).