New South Wales Consolidated Acts

STATE OWNED CORPORATIONS ACT 1989 - SECT 20R

20R Constitution of subsidiaries

(1) The Ministers who are the voting shareholders of a statutory SOC are responsible for ensuring that the constitution of every subsidiary of the SOC at all times contains provisions to the effect of those required by Schedule 7.

(2) The constitution may contain other provisions, so long as they are not inconsistent with the provisions referred to in subsection (1) or any other provisions of this Act.

(3) This section does not apply to the extent provided in resolutions of both Houses of Parliament.