Document ID: chunk:federal_register_of_legislation:C2004A05288:clause:1_55d
Version: federal_register_of_legislation:C2004A05288
Segment Type: clause
Provision Reference: sch 1 cl 55D
Character Range: 37394–38256

55D  Nominated company A

 (1) The Minister may, by writing, declare that a specified company is nominated company A for the purposes of this Act.

 (2) At the time of the making of the declaration, the company must:
 (a) be incorporated under the Corporations Law; and
 (b) have a share capital; and
 (c) be a wholly-owned subsidiary of the Board.

 (3) The declaration has effect accordingly.

 (4) A copy of the declaration is to be published in the Gazette within 14 days after the making of the declaration.

 (5) If:
 (a) a declaration is in force under this section in relation to a company; and
 (b) the company:
 (i) ceases to be incorporated under the Corporations Law; or
 (ii) ceases to have a share capital; or
 (iii) ceases to be a wholly-owned subsidiary of the Board;
the declaration is taken to have been revoked at the time of the cessation.