New South Wales Consolidated Acts New South Wales Consolidated Acts(cf State Owned Corporations Act 1989 , section 20Q)
(1) The Corporation is to have a constitution.
(2) As far as practicable, the constitution of the Corporation is to have the same operation and effect in relation to the Corporation as the constitution of a company has in relation to the company.
(3) The voting shareholders are responsible for ensuring that the constitution of the Corporation at all times contains provisions to the effect of:(a) those set out in Schedule 1, and(b) such others as are prescribed by the regulations.
(4) The constitution of the Corporation may contain matters that, for a company, would be found in the Corporations Act 2001 of the Commonwealth.
(5) The constitution of the Corporation may make provision for or with respect to the provision, form, custody and use of the seal of the Corporation. Any such provisions have effect despite section 50 of the Interpretation Act 1987 .
(6) The constitution of the Corporation may contain provisions regarding the manner of alteration or replacement of the constitution.
(7) The constitution of the Corporation may contain other provisions, so long as they are not inconsistent with the provisions referred to in subsection (3) or any other provisions of this Act or the regulations.