TERRITORY-OWNED CORPORATIONS ACT 1990
Table of Provisions
PART 1--PRELIMINARY
- 1 Name of Act
- 2 Dictionary
- 3 Notes
- 4 Application of Act
PART 2--ESTABLISHMENT OF CORPORATIONS
- 6 Territory-owned corporations
- 7 Main objectives of corporations
- 8 Status of territory-owned corporations and subsidiaries
- 9 Notification to Assembly
- 10 Legal obligations
- 11 Constitution
- 12 Directors
- 13 Shares in corporations
- 14 Acquisition of subsidiaries
PART 3--ACCOUNTABILITY
- 15 Provision of information
- 16 Acquisition and disposal of subsidiaries and undertakings
- 16A Obligation to tell shareholders about significant events
- 17 Directions to corporations
- 17A Application of government policies
- 18 Audit
- 18A Audit committee
- 19 Preparation of statement of corporate intent
- 20 Statement of corporate intent
- 21 Modification of statement
- 22 Annual report
- 23 Financial year
PART 4--BORROWING
- 24 Borrowing from Territory
- 25 Borrowing otherwise than from Territory
- 26 Security
- 27 Borrowing not otherwise permitted
- 28 Guarantee by Territory
- 28A Guarantees by corporation
PART 5--TERRITORY TAXES
- 29 Territory taxes
- 31 Borrowing levy
PART 6--MISCELLANEOUS
- 32 Profits available for payment of dividends
- 33 Voting equality
- 33A Benefits retained and preserved
- 33B Affirmative action
- 33C Investment of surplus funds
- 34 Regulation-making power
