Public Corporations (Generation Lessor Corporation) Regulations 2010 (SA)

South Australia Public Corporations (Generation Lessor Corporation) Regulations 2010 under the Public Corporations Act 1993

Contents Part 1—Preliminary 1 Short title 3 Interpretation Part 2—Application of Act to Minister 4 Application of Act to Minister Part 3—Generation Lessor Corporation Division 1—Generation Lessor Corporation continues as subsidiary of Minister 5 Establishment of subsidiary (section 24) 6 Establishment of board 7 Composition of board 8 Conditions of membership 9 Vacancies or defects in appointment of directors 10 Remuneration 11 Proceedings 12 Disclosure Division 2—Functions and powers 13 Functions of subsidiary 14 Charter 15 Other subsidiary companies 16 Guarantee or indemnity for other subsidiary company subject to Treasurer's approval 17 Indirect or joint operations 18 Chief executive Division 3—Financial and related matters 19 Internal audit 20 Loans, borrowings etc require approval 21 Provision of information 22 Common seal and execution of documents 23 Annual report Legislative history

Part 1—Preliminary 1—Short title These regulations may be cited as the Public Corporations (Generation Lessor Corporation) Regulations 2010. 3—Interpretation In these regulations, unless the contrary intention appears— Act means the Public Corporations Act 1993; board means the board of directors established as the governing body of the subsidiary under Part 3; director means a person appointed or holding office as a member of the board under Part 3; Minister means the Minister for Finance; SAFA means the South Australian Government Financing Authority established under the Government Financing Authority Act 1982; the subsidiary means Generation Lessor Corporation continued in existence under Part 3; Treasurer means the Treasurer for the State of South Australia.

Part 2—Application of Act to Minister 4—Application of Act to Minister The following provisions of the Act apply to the Minister: (a) Part 1 (Preliminary); (b) section 24 (Formation of subsidiary by regulation); (c) section 25 (Dissolution of subsidiary established by regulation); (d) the Schedule (Provisions applicable to subsidiaries).