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Australian Airlines (Conversion to Public Company) Act 1988
7New group companies
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#### 7 New group companies
For the purposes of this Act, a body corporate (other than the transferring body) is a new group company at a particular time (in this section called the relevant time) if, and only if:
(a) the body corporate became a group company after 31 December 1987 and was still a group company at the relevant time; and
(b) at no time before 1 January 1988 was the body corporate a subsidiary of the transferring body.