New South Wales Consolidated Acts

GOVERNMENT INSURANCE OFFICE (PRIVATISATION) ACT 1991 - SECT 36

36 Status of GIO etc

(1) GIO (and any GIO subsidiary to which any part of GIO’s business undertaking is transferred under this Act) are agencies through which the State of New South Wales engages in State insurance, and for that purpose are public authorities of the State.

(2) However, GIO or any GIO subsidiary:

(a) is not and does not represent the State of New South Wales except by express agreement with the Minister, and

(b) is not exempt from any rate, tax, duty or other impost imposed by or under any law of the State of New South Wales merely because it is a company in which the State holds shares, and

(c) cannot render the State of New South Wales liable for any debts, liabilities or obligations of GIO or any GIO subsidiary,

unless this Act or any other Act or law otherwise expressly provides.

(3) In this section, "State insurance" means State insurance as referred to in section 51 (xiv) of the Commonwealth Constitution .