3APrescribed authorities: Commonwealth‑controlled companies

#### 3A Prescribed authorities: Commonwealth‑controlled companies (1) A Commonwealth‑controlled company is a prescribed authority unless: (a) it is excluded by subsection (2); or (b) under the regulations it is to be taken not to be a prescribed authority. (2) Subject to subsection (3), a Commonwealth‑controlled company is excluded for the purposes of paragraph (1)(a) if: (a) the company was a Commonwealth‑controlled company immediately before the commencement of Part 6 of the Prime Minister and Cabinet (Miscellaneous Provisions) Act 1994; and (b) immediately before that commencement the company was not a prescribed authority for the purposes of this Act as then in force. (3) A Commonwealth‑controlled company that, but for this subsection, would be excluded by subsection (2) is not so excluded if the regulations declare that the company is to be taken to be a prescribed authority.