Document ID: chunk:federal_register_of_legislation:C2012C00787:section:3
Version: federal_register_of_legislation:C2012C00787
Segment Type: section
Provision Reference: s 3
Character Range: 6601–8520

3  Definitions

 (1) In this Act, unless the contrary intention appears:

CFM means the body corporate known before the day declared under section 25 as Commonwealth Funds Management Limited:
 (a) by whatever name called from time to time; and
 (b) in whatever form that body corporate takes from time to time.

CFM body means CFM or a transferred body.

CFM subsidiary means a body corporate that is a subsidiary of CFM.

related body means:
 (a) in relation to CFM—a body corporate that is related to CFM; or
 (b) in relation to a transferred body—a body corporate that is related to the transferred body.

sale day means:
 (a) in relation to CFM—the day declared under section 25 to be the sale day for CFM; or
 (b) in relation to a transferred body—the day declared under section 26 to be the sale day for that body.

share, in relation to a body corporate, means a share in the body's share capital.

subsidiary has the meaning given by subsection (2).

transferred body means a body corporate that was a CFM subsidiary all of the shares in which were transferred by CFM to the Commonwealth in accordance with the Minister's direction under section 7.

transferred employee means a person whose employment is transferred in accordance with a declaration under section 9.

transfer time, in relation to an employee, has the meaning given by section 9.

voting share has the same meaning as in the Corporations Act 2001.

 (2) For the purposes of this Act, the question whether a body corporate is a subsidiary of another body corporate is to be determined in the same manner as that question is determined under the Corporations Act 2001.

 (3) For the purposes of this Act, the question whether a body corporate is related to another body corporate is to be determined in the same manner as that question is determined under the Corporations Act 2001.

Part 2—Transfer of CFM subsidiaries to the Commonwealth