Hearing Services and AGHS Reform Act 1997 (82 of 1997)

Part 2   Transitional provisions relating to the corporatisation of the Australian Government Health Service (AGHS)

Division 1   Introduction

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.