GOVERNMENT OWNED CORPORATIONS ACT 2001 - SECT 7 Share capital, shares and shareholder
GOVERNMENT OWNED CORPORATIONS ACT 2001 - SECT 7
Share capital, shares and shareholder(1) A Government owned corporation is to have a share capital and shares as provided in its constitution.
(2) All of the shares in the Government owned corporation must be held by the shareholding Minister of the Government owned corporation.
(3) The shareholding Minister holds the shares in the Government owned corporation on behalf of the Territory.
(4) A Government owned corporation is to maintain a register that identifies the Government owned corporation's current shareholding Minister.