Commonwealth Numbered Acts

SNOWY MOUNTAINS ENGINEERING CORPORATION AMENDMENT ACT 1985 No. 101, 1985 - SECT 3

3. Section 4 of the Principal Act is repealed and the following section is
substituted: Interpretation

"4. (1) In this Act, unless the contrary intention appears-
'appoint' includes re-appoint;
'Australia' includes the Territories;
'Board' means the Snowy Mountains Engineering Corporation Board established by
section 19;
'Chairperson' means Chairperson of the Board;
'Corporation' means the Snowy Mountains Engineering Corporation;
'Director' means a member of the Board, and includes the Chairperson and the
Managing Director;
'engineering work' includes-

   (a)  an actual or proposed continuation, completion, repair, alteration,
        restriction or extension of an engineering work; or

   (b)  a proposed engineering work;
'Managing Director' means the Managing Director of the Corporation;
'part-time Director' means a Director other than the Managing Director.



"(2) For the purposes of this Act, the profits of the Corporation for a
financial year are the amounts (if any) remaining after deducting from the
revenue received or receivable in respect of that financial year the
expenditure and provision for expenditure properly chargeable against that
revenue.".