STATE OWNED ENTERPRISES ACT 1992
Table of Provisions
PART 1--PRELIMINARY
- 1 Purposes
- 2 Commencement
- 3 Definitions
- 4 Subsidiary
- 5 Act to prevail
- 6 Act to bind Crown
PART 2--STATUTORY CORPORATIONS--REORGANISATION AND ESTABLISHMENT OF STATE BODIES
Division 1--Reorganising bodies
- 7 Declaration of statutory corporation as reorganising body
- 8 Boards of reorganising body
- 8A Functions may be altered or varied
- 9 Reorganisation directed by Treasurer
- 10 Determination of initial capital
- 11 Capital
- 12 Repayment of capital
- 13 Dividends
- 13A Reports
Division 2--State bodies
- 14 Establishment of State body
- 14A Borrowing and investment powers
- 15 Shares
- 16 Variation of Order in Council
- 16A Repayment of capital
- 16B Dividends
- 16C Directions
PART 3--STATE BUSINESS CORPORATIONS
- 17 Declaration of State business corporation
- 18 Objective
- 19 Functions
- 20 Powers
- 21 Functions and powers may be carried on outside Victoria
- 22 Delegation
- 23 Board of directors
- 24 Constitution of board
- 25 Appointment of directors
- 26 Terms and conditions of appointment
- 27 Acting chairman
- 28 Acting deputy chairman
- 29 Acting general director
- 30 Vacancies, resignations, removal from office
- 31 Validity of decisions
- 32 Proceedings of a board
- 33 Resolutions without meetings
- 34 Delegation by board
- 35 Disclosure of interests
- 36 Duties of directors
- 37 Minister may bring proceedings
- 38 State business corporation not to make loans to directors
- 39 Indemnity
- 40 Chief executive officer and deputy
- 41 Corporate plan
- 42 Statement of corporate intent: contents
- 43 State business corporation to act in accordance with corporate plan
- 44 Nothing void merely because of non-compliance
- 45 Non-commercial functions
- 46 Determination of initial capital
- 47 Capital
- 48 Repayment of capital
- 49 Dividends
- 51 Continuing guarantees
- 52 Appropriation for guarantee etc.
- 53 Reports to Treasurer
- 54 Board to notify relevant Minister and Treasurer of significant affecting events etc.
- 55 Half-yearly reports
PART 4--CONVERSION TO STATE OWNED COMPANY
- 59 Declaration of statutory corporation as converting body
- 60 Reservation of name under Corporations Act
- 61 Memorandum and articles
- 62 Capital structure of converting body
- 63 Issue of shares in converting body
- 64 Application for registration as a company
- 65 Status and continuity
PART 5--STATE OWNED COMPANIES
Division 1--Declaration
- 66 Declaration by Governor in Council
Division 2--Formation of company
- 67 Treasurer may form or participate in formation of company
- 68 Transfer of assets and liabilities
Division 3--Operation of State owned companies
- 69 Principal objective
- 70 Status
- 71 Memorandum and articles
- 72 Non-commercial activities
- 73 Audit by Auditor-General
- 74 Further accounts and reports
- 75 Treasurer to present accounts and reports to Parliament
PART 6--PRESCRIBED BODIES--SPECIAL INVESTIGATIONS
- 76 Definition
- 77 Appointment of special investigators
- 78 Powers
- 79 Copies of documents
- 80 Immunity
- 81 Publication
- 82 Reports
- 83 Expenses of investigation
- 84 Offences
- 85 Power to refer matters to police etc.
PART 7--GENERAL
- 86 Competition and Consumer Act 2010 of the Commonwealth
- 86A Competition policy authorisation—VicForests
- 87 Subsidiaries
- 88 Tax equivalent
- 88AA Application of section 88 to certain bodies
- 88A Application of tax equivalents to other bodies
- 88B State owned enterprises to make certain payments
- 89 Non-application of State taxation
- 90 Application of certain other Acts
- 91 Supreme Court—limitation of jurisdiction
- 92 Regulations
