Superannuation (Axiom Funds Management Corporation) Act 1996
61Amendment of memorandum and articles of association
Start here
Get a plain-English read of 61
Turn the raw legal text into a practical explanation grounded in Superannuation (Axiom Funds Management Corporation) Act 1996.
61 Amendment of memorandum and articles of association
61 Amendment of memorandum and articles of association
(1) The Treasurer is authorised to take steps before the appointed day under section 60 to make alterations and additions to the memorandum and articles of association of AFML, being alterations and additions contemplated by the agreement made under section 59, whether or not some or all of them are or may be inconsistent with the requirements of this Act or the State Owned Corporations Act 1989, or both.
(2) However, any such inconsistent alterations or additions do not take effect before the appointed day.
(3) Despite section 172 of the Corporations Law, subsection (6) of that section does not apply in relation to any alteration or addition referred to in subsection (1) of this section.