Superannuation (Axiom Funds Management Corporation) Act 1996
48Membership of AFML
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48 Membership of AFML
48 Membership of AFML
(1) The State of New South Wales, as the holder of shares in AFML at the conversion, becomes (by force of this subsection) a member of AFML at the conversion.
(2) The State of New South Wales is, in relation to membership of AFML, entitled to the same rights, privileges and benefits, and is subject to the same duties, liabilities and obligations, as if it had become a member of AFML under its memorandum and articles of association.