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. Part 3—Powers and functions of the Corporation 13—Powers and functions of the Corporation (1) The functions of the Corporation are— (a) to trade in wood chips, wood pulp, logs, seedlings and seeds; and (b) to participate outside the State in joint ventures involving trade in timber, timber products or related commodities; and (c) to participate in the State in joint ventures involving trade in timber or timber products; and (d) to hold shares in bodies corporate trading in timber, timber products or related commodities otherwise than in the State; and (e) to hold shares in bodies corporate trading in timber or timber products in the State; and (f) to establish undertakings, or acquire undertakings or interests in undertakings, carried on otherwise than in the State involving trade in timber, timber products or related commodities; and (g) otherwise to promote trade in timber, timber products and related commodities. (2) The Corporation shall carry out its functions under this Act in a manner consistent with the aims and objectives of the Woods and Forests Department. (3) For the purposes of carrying out its functions the Corporation may— (a) import, export, buy, sell or otherwise deal with timber, timber products or related commodities; and (b) process timber, or manufacture or process timber products or related commodities, with a view to sale; and (c) acquire any interest in land, premises, plant or equipment; and (d) purchase or otherwise acquire shares or other interests in bodies corporate trading, or proposing to trade, in timber, timber products or related commodities; and (e) enter into contracts and agreements; and (f) acquire any licence, authorisation or concession either in this State or elsewhere; and (g) provide consultancy services either in this State or elsewhere in relation to the production, processing, manufacture or sale of timber, timber products or related products; and (h) exercise any other power necessary or incidental to the carrying out of its functions. 14—Delegation by the Corporation (1) The Corporation may delegate to any person any of its powers or functions under this Act. (2) Any delegation by the Corporation shall be revocable at will and shall not derogate from the power of the Corporation to act itself in any matter. Legislative history Notes • For further information relating to the Act and subordinate legislation made under the Act see the Index of South Australian Statutes or www.legislation.sa.gov.au. Principal Act and amendments New entries appear in bold. Year|No|Title|Assent|Commencement| 1979|15|South Australian Timber Corporation Act 1979|8.3.1979|8.3.1979 (Gazette 8.3.1979 p605)| 1996|17|South Australian Timber Corporation (Sale of Assets) Act 1996|24.4.1996|Sch 2 (cl 1)—1.7.1996 (Gazette 30.5.1996 p2635)| Provisions amended New entries appear in bold. Entries that relate to provisions that have been deleted appear in italics. Provision|How varied|Commencement| Pt 1||| s 2|omitted under Legislation Revision and Publication Act 2002|| s 3|deleted by 17/1996 Sch 2 cl 1(a)|1.7.1996| s 4||| appointed member|deleted by 17/1996 Sch 2 cl 1(b)|1.7.1996| the Director|deleted by 17/1996 Sch 2 cl 1(b)|1.7.1996| Pt 2|substituted by 17/1996 Sch 2 cl 1(c)|1.7.1996| Pt 3||| s 14||| s 14(1)|amended by 17/1996 Sch 2 cl 1(d)|1.7.1996| Pt 4|deleted by 17/1996 Sch 2 cl 1(e)|1.7.1996| Pt 5|deleted by 17/1996 Sch 2 cl 1(e)|1.7.1996| Pt 6|deleted by 17/1996 Sch 2 cl 1(e)|1.7.1996|