State Owned Corporations Act 1989 No 134
Current version for 1 January 2013 to date (accessed 19 May 2013 at 05:14)
Part 3Division 3Section 20ZA

20ZA   Objects of Division

(1)  The objects of this Division include:
(a)  providing that the doctrine of ultra vires does not apply to statutory SOCs, and
(b)  ensuring that statutory SOCs give effect to any restrictions on their objects or powers, but without affecting the validity of their dealings with outsiders.
(2)  This Division is to be construed and have effect accordingly.
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