(1)  The Treasurer may issue instructions, in writing, in respect of guidelines, principles, practices and procedures to be observed by Government Business Enterprises in relation to –

(a) corporate plans; and

(b) annual reports; and

(c) the financial management of Government Business Enterprises; and

(d) community service obligations; and

(e) the financial obligations of Government Business Enterprises; and

(f) the accounting policies of Government Business Enterprises; and

(g) any other matter in relation to which this Act requires or authorises the making of Treasurer's Instructions.

(1A)  Treasurer's Instructions may include a declaration of a prescribed Government Business Enterprise or prescribed subsidiary under section 67 .

(2)  Treasurer's Instructions may be issued so as to –

(a) apply at all times, at a specified time or for a specified period; and

(b) apply to –

(i) all Government Business Enterprises; or

(ii) a specified Government Business Enterprise; or

(iii) a specified class of Government Business Enterprise; or

(iv) a specified part of a specified Government Business Enterprise or class of Government Business Enterprise; and

(c) require a matter affected by them to be in accordance with a specified standard or specified requirement; and

(d) require a matter affected by them to be approved by a specified person or specified class of persons; and

(e) specify that a specified person or specified class of persons is to determine a specified matter; and

(f) exempt from a provision of the Treasurer's Instructions, whether on specified conditions or unconditionally and either wholly or to such extent as is specified –

(i) a specified person or a specified class of persons; or

(ii) a specified matter affected by them or a specified class of such matters; or

(iii) a specified thing or a specified class of things; or

(iv) a specified act or a specified class of acts; and

(g) exempt from a provision of the Australian Accounting Standards, or vary those Standards in their application to, a specified Government Business Enterprise or a specified class of Government Business Enterprise; and

(h) provide guidelines relating to –

(i) the determination, calculation and payment of income tax equivalents, guarantee fees, dividends, interim dividends and special dividends; and

(ii) any other matter connected with income tax equivalents, guarantee fees, dividends, interim dividends and special dividends; and

(iii) borrowing, investment and debt management activities.

(3)  A Treasurer's Instruction which is inconsistent with this Act or any other enactment is invalid to the extent of the inconsistency.

(4)  Treasurer's Instructions to be complied with by a Government Business Enterprise do not have any effect until a copy of them is provided to the Government Business Enterprise.

(5)  Treasurer's Instructions are not statutory rules within the meaning of the Rules Publication Act 1953 .

(6)  For the purposes of section 22 of the Acts Interpretation Act 1931 , a Treasurer's Instruction is an instrument of a like nature to an order.