Victorian Consolidated Legislation

State Owned Enterprises Act 1992 - SECT 54

Board to notify relevant Minister and Treasurer of significant affecting events etc.

54. Board to notify relevant Minister and Treasurer of significant affecting
events etc.

If the board of a State business corporation forms the opinion that matters
have arisen-

   (a)  that may prevent, or significantly affect, achievement of the
        objectives of the corporation and its subsidiaries under the corporate
        plan; or





   (b)  that may prevent, or significantly affect, achievement of the targets
        under the plan-

the board must immediately notify the relevant Minister and the Treasurer of
its opinion and the reasons for the opinion.