Northern Territory Consolidated Acts

GOVERNMENT OWNED CORPORATIONS ACT

TABLE OF PROVISIONS

           Long Title

   PART 1 - Preliminary

   1.      Short title
   2.      Objective
   3.      Definitions

   PART 2 - establishment of GOVERNMENT OWNED corporationS

   4.      Objectives of Government owned corporation
   5.      Status of Government owned corporations

   PART 3 - STRUCTURE AND OPERATION OF government owned corporations

           Division 1 - Structure of Government owned corporations

   6.      Corporations legislation
   7.      Share capital, shares and shareholder
   8.      Shareholding Minister
   9.      Delegation by shareholding Minister
   10.     Portfolio Minister
   11.     Constitution of Government owned corporations
   12.     Committees

           Division 2 - Officers of Government owned corporations

   13.     Directors of Government owned corporations
   14.     Acting directors
   15.     Accountability of directors of Government owned corporations
   16.     Chief executive officer
   17.     Acting chief executive officer
   18.     Chairperson
   19.     Deputy chairperson
   20.     Duties and liabilities of directors and other officers
   21.     Government owned corporation not to indemnify officers
   22.     Term of office of directors of corporations
   23.     Termination of appointments
   24.     Remuneration
   25.     Vacancy in office of director of corporation
   26.     Disclosure of interests by directors
   27.     Delegation by board

           Division 3 - Public interest requirements

   28.     Community service obligations
   29.     Portfolio Minister may notify board of public sector policies
   30.     Portfolio Minister may give directions in public interest

           Division 4 - Financial matters

   31.     Dividends
   32.     Capital structure
   33.     Tax
   34.     Government guarantee
   35.     Borrowings
   36.     Procurement
   37.     Investments by Government owned corporations
   38.     Disposal of investments

   PART 4 - Accountability

           Division 1 - Statements of corporate intent

   39.     Statement of corporate intent - timetable and procedure
   40.     Statement of corporate intent - contents
   41.     Statement of corporate intent - reporting

           Division 2 - Audit, reporting and provision of information

   42.     Corporation to provide financial statements to Auditor-General
   43.     Auditor-General to audit financial statements etc.
   44.     Annual reports and accounts
   45.     Auditor-General to conduct audits
   46.     Special audits
   47.     Other information to be provided

   PART 5 - Legal capacity and powers of government owned corporations

   48.     Interpretation
   49.     Objects of Part 50. General powers of Government owned corporations
   51.     Restrictions on Government owned corporations
   52.     Assumptions that may be made in dealings with Government owned corporations or property
   53.     Fraud does not necessarily invalidate assumptions

   PART 6 - MISCELLANEOUS

   54.     Service of notices
   55.     Transitional matters relating to Crown immunity
   56.     Regulations
           Endnotes