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Commonwealth Development Corporation Act 1999
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21Trustee Investments Act 1961
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(1)The Corporation shall be deemed to have satisfied the requirement for the payment of dividends for the purpose of paragraph 3(b) of Part IV of Schedule 1 to the Trustee Investments Act 1961 (manner of investment: companies which have not paid dividends) in any calendar year—
(a)before registration, or
(b)during all or part of which the Corporation was wholly owned by the Crown.
(2)The first reference in subsection (1) to the Corporation includes a reference to a company which—
(a)is designated by an order under section 25(4) of this Act as a company associated with the Corporation, and
(b)is designated by that order for the purposes of this subsection.
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