Australian National Airlines Act 1952 (Cth)

AUSTRALIAN NATIONAL AIRLINES.

No. 102 of 1952.

An Act to amend the Australian National Airlines Act 1945–1947.

[Assented to 18th November, 1952.] [Date of commencement, 16th December, 1952.]

BE it enacted by the Queen's Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation. 1.—(1.) This Act may be cited as the Australian National Airlines Act 1952. (2.) The Australian National Airlines Act 1945–1947 is in this Act referred to as the Principal Act. (3.) The Principal Act, as amended by this Act, may be cited as the Australian National Airlines Act 1945–1952.

Vacation of Office. 2. Section fourteen of the Principal Act is amended— (a) by omitting from paragraph (f) of sub-section (1.) the words " , otherwise than as a member, and in common with the other members, of an incorporated company consisting of more than twenty-five persons"; and (b) by omitting sub-section (2.) and inserting in its stead the following sub-section:— "(2.) A Commissioner shall not be deemed— (a) to become concerned or interested in a contract or agreement specified in paragraph (f) of the last preceding sub-section; or (b) to participate, or to claim to participate, in the profit of, or in any benefit or emolument arising from, such a contract or agreement, by reason only— (c) of his being a director of, and in receipt of director's fees as such from, a company consisting of more than twenty-five persons which has entered into a contract or agreement with the Commission, if, at a meeting of the Commission held prior to the entering into of the contract or agreement, the Commissioner has declared the nature of his interest in that company;

(d) of his being a member of a company consisting of more than twenty-five persons which has entered into a contract or agreement with the Commission; or (e) of his entering into, or obtaining a benefit arising from, a contract or agreement between the Commission and himself for the transport by the Commission of himself or another person or of any goods.".