Commonwealth Numbered Acts

GOVERNMENT BUSINESS ENTERPRISES (MISCELLANEOUS REFORMS) ACT 1988 No. 123 of 1988 - SECT 37

37. After section 52 of the Principal Act the following section is inserted:
Information relating to remuneration of Managing Director

"52A. (1) The financial statements of the Corporation prepared under section
63H of the Audit Act 1901 (as that section applies in relation to the
Corporation under subsection 49 (1) of this Act) shall comply with the
requirements prescribed under the Companies Act 1981 for the accounts of a
listed corporation so far as those requirements relate to the income of
executive officers of a listed corporation.

"(2) For the purposes of subsection (1):

   (a)  the Corporation shall be taken to be a listed corporation; and

   (b)  the Managing Director shall be taken to be an executive officer of the
        Corporation.

"(3) Expressions used in this section that are also used in the Companies  Act
1981 have the same respective meanings as they have in that Act.".