Hearing Services and AGHS Reform Act 1997
3Simplified outline
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3 Simplified outline
The following is a simplified outline of this Part:
• This Part provides for the corporatisation of the Australian Government Health Service (AGHS). AGHS was a part of the Department as at the commencement of this Part.
• In this Part, the new corporate structure for the operations of the AGHS is called the nominated company.
• The Commonwealth may transfer AGHS assets, contracts, liabilities and records to the nominated company.
• Provision is made for the transfer of pending proceedings.
• The balance of the Australian Government Health Service Trust Account will be transferred to the nominated company.
• The nominated company will be exempt from State and Territory taxes so long as the company is Commonwealth‑owned.
• The nominated company will not be treated as an agency of the Commonwealth.