State Owned Corporations Act 1989 No 134
20Q Constitution of statutory SOCs
(1) A statutory SOC is to have a
(2) As far as practicable, the constitution of a statutory SOC is to
have the same operation and effect in relation to the SOC as the constitution
of a company has in relation to the company.
(3) The constitution of a statutory SOC may contain matters that, for
a company, would be found in the Corporations Act
2001 of the Commonwealth.
(4) The constitution of a statutory SOC may make provision for or with
respect to the provision, form, custody and use of the seal of the SOC. Any
such provisions have effect despite section 50 of the Interpretation Act
(5) The constitution of a statutory SOC may contain provisions
regarding the manner of alteration or replacement of the
(6) The Ministers who are the voting shareholders of a statutory SOC
are responsible for ensuring that the constitution of the SOC at all times
contains provisions to the effect of those required by Schedule
(7) The constitution may contain other provisions, so long as they are
not inconsistent with the provisions referred to in subsection (6) or any
other provisions of this Act.
(8) This section does not apply to the extent provided in resolutions
of both Houses of Parliament.