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Australian Airlines (Conversion to Public Company) Act 1988
37Deemed share capital of transferring body
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#### 37 Deemed share capital of transferring body
For the purposes of the Tax Act, the transferring body shall be deemed to have had, at all times before it complies with subsection 11(3) of this Act, a share capital all the issued shares in which were, at all such times, beneficially owned by the Commonwealth.