South Australian Timber Corporation Act 1979 (SA)

South Australia South Australian Timber Corporation Act 1979 An Act to provide for the establishment of a Corporation with power to trade in timber and timber products and to engage in joint ventures involving trade in timber and timber products; and for other purposes.

Contents Part 1—Preliminary 1 Short title 4 Interpretation Part 2—The Corporation 5 Corporation 6 Corporation's corporate status and capacity 7 Constitution of Corporation 8 Corporation to hold its property for Crown 9 Dissolution of Corporation Part 3—Powers and functions of the Corporation 13 Powers and functions of the Corporation 14 Delegation by the Corporation Legislative history

The Parliament of South Australia enacts as follows: Part 1—Preliminary 1—Short title This Act may be cited as the South Australian Timber Corporation Act 1979. 4—Interpretation In this Act, unless the contrary intention appears— the Corporation means the South Australian Timber Corporation; timber products means— (a) wood pulp, wood chips, or any other products obtained wholly or partially from the processing of timber; or (b) commodities made from wood; or (c) any prescribed products or commodities; related commodities includes any products or commodities that may conveniently be traded in association with timber or timber products.

Part 2—The Corporation 5—Corporation The Corporation continues as the South Australian Timber Corporation. 6—Corporation's corporate status and capacity (1) The Corporation is a body corporate. (2) The Corporation has the legal capacity of a natural person of full age and capacity. (3) The Corporation has a common seal. (4) The common seal may be affixed to a document on the Minister's authority. (5) A document apparently bearing the common seal of the Corporation will be presumed, in the absence of evidence to the contrary, to have been duly executed by the Corporation. 7—Constitution of Corporation The Corporation is constituted of the Minister. 8—Corporation to hold its property for Crown The Corporation holds its property for and on behalf of the Crown. 9—Dissolution of Corporation (1) The Governor may, by proclamation— (a) dissolve the Corporation; and (b) vest any of its remaining assets and liabilities in an authority or person nominated in the same or a later proclamation. (2) Assets and liabilities remaining after dissolution of the Corporation, and disposition of its assets and liabilities under subsection (1), vest in the Crown. (3) After dissolution of the Corporation, any statutory powers that might have been exercised by the Corporation if it had continued in existence, are exercisable by the Minister.