Victorian Consolidated Legislation

State Owned Enterprises Act 1992 - SECT 70

Status

70. Status

A State owned company or a subsidiary of a State owned company-

   (a)  is not, and does not represent, the State;

   (b)  is not exempt from any rate, tax, duty or other impost imposed by or
        under any law of the State, merely because it is a State owned company
        or a subsidiary of a State owned company;

   (c)  cannot render the State liable for any debts, liabilities or
        obligations of the company or a subsidiary of a State owned company-

unless this or any other Act expressly so provides.