74CDevelopment Bank is not a Commonwealth authority or Commonwealth company etc.

74C Development Bank is not a Commonwealth authority or Commonwealth company etc.

(1) This section has effect for the purposes of the laws of the Commonwealth, a State or a Territory. However, the effect of this section is subject to any express provision in the law concerned that refers specifically to the Development Bank. (2) The Development Bank is to be taken: (a) not to have been incorporated or established for a public purpose or for a purpose of the Commonwealth; and (b) not to be a public authority or an instrumentality or agency of the Crown; and (c) without limiting paragraphs (a) and (b), not to be a public authority under the Commonwealth for the purposes of the Crimes Act 1914. (3) The Commonwealth is to be taken: (a) not to have a controlling interest or substantial interest in the Development Bank; and (b) not to be in a position to control the Development Bank.