Victorian Consolidated Legislation

State Owned Enterprises Act 1992 - SECT 71

Memorandum and articles

71. Memorandum and articles



(1) The memorandum of each State owned company must include-

   (a)  provisions to the effect of those set out in Part A of Schedule 1; and

   (b)  the principal objective of the company; and

   (c)  the objects of the company.

(2) The articles of each State owned company must include provisions to the
effect of those set out in Part B of Schedule 1.

(3) Other provisions of the memorandum and articles of a State owned company
or a declared subsidiary of a State owned company-

   (a)  must not be inconsistent with the provisions referred to in subsection
        (1) or (2); and

   (b)  must not be inconsistent with this Act.