Queensland Consolidated Regulations

GOVERNMENT OWNED CORPORATIONS (QGC CORPORATISATION) REGULATION 1994

TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Short title
   2.      Commencement
   3.      Purpose
   4.      Operation of this regulation is subject to certain Electricity Act transitional provisions
   5.      Definitions
   6.      Meaning of "GBU asset"
   7.      Meaning of "GBU liability"

   PART 2--PREPARATORY MATTERS

   8.      Share capital

   PART 3--QEC IS DIVESTED OF GBU ASSETS AND RELEASED FROM GBU LIABILITIES

   9.      GBU assets and liabilities

   PART 4--TRANSITION TO QGC

           Division 1--Staff

   10.     Officers and employees
   11.     Positions of officers and employees

           Division 2--General

   12.     Extent of application of Division
   13.     QGC is successor of QEC (GBU)
   14.     Instruments
   15.     Pending proceedings

   PART 5--TRANSFER OF ASSETS AND LIABILITIES

   16.     Transfer of assets and liabilities to QGC
   17.     Consideration for transfer of assets to QGC

   PART 6--QGC BECOMES STATUTORY GOC

   18.     Declaration of QGC as GOC

   PART 7--FUNCTIONS OF QGC

   19.     QGC's functions

   PART 8--AFTER QGC IS DECLARED A GOC

   24.     QGC share capital
           SCHEDULE 1
           SCHEDULE 2
           1. Definitions
           2. Interest payable
           3. Role of QTC
           4. Term of debt
           5. Assignment of debt
           ENDNOTES