51Status of approved companies

51 Status of approved companies

51 Status of approved companies

For avoidance of doubt—

(a) an approved company—

(i) is not an instrumentality or agent of the Crown, and

(ii) cannot render the Crown liable for any debts, liabilities or obligations of the company, and

(b) none of the following Acts applies to or in respect of an approved company—

(i) the Independent Commission Against Corruption Act 1988,

(ii) the Ombudsman Act 1974,

(iii) any other Act prescribed for the purposes of this paragraph.