Government Owned Corporations Bill 1993 (Qld)

Queensland

GOVERNMENT OWNED CORPORATIONS BILL 1993

Queensland

GOVERNMENT OWNED CORPORATIONS BILL 1993

TABLE OF CONTENTS

CHAPTER 1—PRELIMINARY ........ 0.000 c cece cece eee eee eeee 16

Part 1—Introduction ......... 66... e ccc te teens 16

Part 2—Interpretation ...... 0.6... e eect eee 16

Part 3—Basic concepts... 6.6... 6.6... ete eeeeeeee 20

Part 4—Operation of Act and application of laws .................... 22

Part S—Outline of Act and its background and objectives ............. 24 CHAPTER 2—MECHANISMS FOR CREATING AND ALTERING

TYPES OF GOCS .... 2... ec eete ete 28

Part 1—Outline of the processes .......... 0.00 cece cece eee eee ee 28

Part 2—Nomination of entities... ............... 00. cece 29

Part 3—Preparation of corporatisation charter ...............0.000005 30

Division 1—Preliminary .......... 0.0 c cece eee eee eee 30

Division 2—Responsible Ministers ................-.0000 eee eee 31

Division 3—Draft corporatisation charter...............-...-0000005 32

Division 4—Charter preparation committee ...............02--0005 34

Division 5—Corporatisation charter ............. eee eee eee ees 36

Part 4—Implementation of corporatisation charter.................4-- 36

Part 5—Corporatisation facilitative mechanisms ..................05: 38

Part 6—Candidate GOCs becoming GOCs..............-. 000s eee eee 45

CHAPTER 3—GOVERNMENT OWNED CORPORATIONS (GOCs)........-. 46

Part 1—Basic requirements ........... 0... c cece eect eee 46

Division 1—Statutory GOCs .......... 0... c ccc eee eens 46 Government Owned Corporations

Division 2—Company GOCS .... 2.6.6... cece eee eee 46 Part 2—Application of Corporations Law .............000-0 eee e eee 47 Division 1—Statutory GOCs .......... 0... c ccc eee eens 47 Division 2—Company GOCS .... 2.6.6... cece eee eee 47 Part 3—Shares and shareholding Ministers.................00000005- 48 Division 1—Statutory GOCs .......... 0... c ccc eee eens 48 Division 2—Company GOCS .... 2.6.6... cece eee eee 49 Division 3—GOCs generally .......... 0... cece eee eee eens 51 Part 4—Memorandum and articles. ...............0.. 00200 e eee 52 Division 1—Statutory GOCs .......... 0... c ccc eee eens 52 Division 2—Company GOCS .... 2.6.6... cece eee eee 53 Part S—Board of directors... 0... 2... cece cece eee ees 54 Division 1—Statutory GOCs .......... 0... c ccc eee eens 54 Division 2—Company GOCS .... 2.6.6... cece eee eee 55 Part 6—Chief executive officer ........ 0... cece eee cee eee eee 56 Division 1—Statutory GOCs .......... 0... c ccc eee eens 56 Division 2—Company GOCS .... 2.6.6... cece eee eee 56 Part 7—Corporate plan ........ 6... cece eee eee eee ee 57 Division 1—General .... 2.0... eee eee 57