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Brief
The Australian Airlines (Conversion to Public Company) Act 1988 is an Act that relates to the conversion of the Australian National Airlines Commission to a public company, repealing all but certain provisions of the Australian National Airlines Act 1945, and for other purposes. The Act extends to all external Territories.
Key features of the Act include:
- Deemed registration under Companies Act
- Issue of shares in transferring body
- Conversion of Australian Airlines to public company
- Staff matters
- Taxation matters
The Act has several key provisions, including:
- Section 15: Deemed registration under Companies Act
- Section 16: New name of transferring body
- Section 17: Memorandum and articles of transferring body
- Section 18: Membership of transferring body
- Section 19: Application of certain provisions of Companies Act
- Section 20: Accounting records
- Section 21: Accounts
The Act also deals with taxation matters, including:
- Division 1 - Exemption from certain taxes
- Division 2 - Application of various Tax Act provisions
Overall, the Australian Airlines (Conversion to Public Company) Act 1988 is a comprehensive Act that addresses various aspects of the conversion of the Australian National Airlines Commission to a public company.
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