Public hospitals and denominational hospitals excluded from Corporations legislation
43 Public hospitals and denominational hospitals excluded from Corporations legislation
The following matters are declared to be excluded matters for the purposes of section 5F of the Corporations Act in relation to the whole of the Corporations legislation—
a public hospital;
a denominational hospital, other than a denominational hospital that is a company within the meaning of the Corporations Act.
Note
This section ensures that neither the Corporations Act nor Part 3 of the ASIC Act will apply in relation to a public hospital or denominational hospital (other than a denominational hospital that is a Corporations Act company). Section 5F of the Corporations Act provides that if a State law declares a matter to be an excluded matter in relation to the whole of the Corporations legislation, then that legislation will not apply in relation to that matter in the State concerned.
This Act’s bill:Second reading speech
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