Tobacco Industry (Restructuring) Bill 1996 (Qld)

Queensland

TOBACCO INDUSTRY (RESTRUCTURING) BILL TOBACCO INDUSTRY (RESTRUCTURING) BILL 1996

TABLE OF PROVISIONS

Section Page

PART 1—PRELIMINARY 1 Short title 20.6... 2 Objects 2.6... eee eee eee 3 Dictionary .... 0.6... e cect eens

PART 2—TRANSFER OF BOARD'S ASSETS AND LIABILITIES TO THE ASSOCIATION

4 Transfer of assets and liabilities............00.. 00000000020 c eee eee

5 How net value of transferred assets is to be decided ..................

6 Effect of transfer of assets and liabilities.................00..00.200. PART 3—SHARE DISTRIBUTION SCHEME

7 Share distribution scheme ..... 0.0.00... 00.2. c eee eee eee

8 Shares are to be fully paid-up... 6.6... eee eee

9 Value of shares to be issued... 20... eee eee 10 Total number of shares to be issued... 2.0.2.0... eee eee ee 11 Grower's share entitlement ................ 0000.00 c eee eee eee eee 12 Consideration for shares ........ 0... eee eee PART 4—ADMINISTRATION OF BOARD 13 Administration of board after transfer day ................00200- 00 eee 14 Board's powers after transfer day..............0..0 00000. c eee eee eee 15 Board's costs 2.0.0... eee

PART 5—DISTRIBUTION OF SHARES IN THE ASSOCIATION 16 Invitation to take up shares... 2.6... eee eee eee

17 Quota holder may nominate another person to take up shares........... Tobacco Industry (Restructuring) 19 21 23 2528

Forfeited shares ...... 0.0... eee teen eens Distribution of shares... 2.6... 6... eee eee teens PART 6—DISSOLUTION OF BOARD Administrator to notify Minister. ............00.. 0.000002 eee eee eee Dissolution day for board... 2... 2.0... eee ee PART 7—MISCELLANEOUS Regulation-making power. .........0.. 0... cece eee eee eee Expiry of Act 2.0.0... eee eee PART 8—TRANSITIONAL PROVISIONS

Continuity of proceedings ..........0... 0000 eee eee eee First directors of association... 2.0.0... 0... eee eee PART 9—REPEALS AND AMENDMENTS