Government Owned Corporations and Other Legislation Amendment Bill 1998 (Qld)

Queensland

GOVERNMENT OWNED CORPORATIONS AND OTHER LEGISLATION

AMENDMENT BILL 1998

GOVERNMENT OWNED CORPORATIONS AND OTHER

LEGISLATION AMENDMENT BILL 1998

TABLE OF PROVISIONS

Section Page PART 1—PRELIMINARY 1 Short title 20.6... 6 2 Commencement ....... 6... eee eee nee 6 PART 2—AMENDMENT OF GOVERNMENT OWNED CORPORATIONS ACT 1993

3 Act amended in pt 2 and sch 1... 2.6... eee eee eee ees 6 4 Amendment of s 3 (Definitions) .............. 0.000.000.0002 eee eee 6 5 Amendment of s 5 (Meaning of "government entity") ...............-. 7 6 Amendment of s 19 (Meaning of "key principles of corporatisation").... 7 7 Replacement of s 23 (Government entity must first become a

candidate GOC or a candidate GOC associate) ..............0..0200. 7

23 Government entity becoming aGOC.............-.. 00. e ee eee 7 8 Amendment of s 42 (Draft corporatisation charter to be given to

responsible Ministers)... 0.0.0... c cece cece eee ee 7 9 Insertion of new s 49B. 1... eee ttt eee 8

49B Corporatisation charter stops having effect when

candidate GOC becomes GOC ...... 6... 8

10 Amendment of s 57 (Interim board of directors for entity to

become GOC or GOC subsidiary) ......... 0.6 e cece eee eee 8 11 Amendment of s 57A (Interim board of directors and chief

executive officer for candidate GOC associate or associate subsidiary) .. 8 12 Amendment of s 58 (Share capital and issue of shares) ............... 9 13 Replacement of ch 2, pt SA (First chief executive officers and

senior executives of statutory GOCs) ... 6.6.0... eee eee ee 9

Government Owned Corporations and Other Legislation Amendment 1618 20 2325

PART 5A—FIRST CHIEF EXECUTIVE OFFICERS AND SENIOR EXECUTIVES OF GOCS

62A Definition for pt5A ..... 2... eet 62B_ Application of provisions of pt 5A ........... 0.0. ee eee eee 62C Appointment of statutory GOC's first chief executive officer ..... 62D Appointment of statutory GOC's first senior executives.......... 62E Appointment of company GOC's first chief executive officer... .. 62F Appointment of company GOC's first senior executives .........