CTHRepealedAct
Snowy Mountains Engineering Corporation Act 1970
23Application of certain provisions of Companies Act
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#### 23 Application of certain provisions of Companies Act
(2) Paragraph 86(6)(b) and subsections 87(4) and 90(5) of the Companies Act 1981 do not apply in relation to SMEC.
(3) The Companies Act 1981 applies in relation to the account referred to in subsection 18B(6) as if the account were a share premium account referred to in section 119 of that Act.
(4) For the purposes of section 360 of the Companies Act 1981, a person is not a past member of SMEC merely because he or she was a Director of SMEC or acted as a Director of SMEC before the commencement of this Part.