Contents (1989 - 134)
State Owned Corporations Act 1989 No 134
Status information

Long title

Part 1 Preliminary

1 Name of Act
2 Commencement
3 Definitions
3A Classes of State owned corporations

Part 2 Company SOCs

Division 1 Establishment of company SOCs

4 Establishment of company SOCs
5 Change or removal of name of company
6 Authorisation to participate in formation of companies
7 Transfer of assets and liabilities etc
7A Ministerial direction
7B Inter-relationship with Corporations legislation

Division 2 Provisions relating to company SOCs

8 Principal objectives of company SOCs
9 Status of company SOCs
10 Directors
10A Authority for Minister to act for and on behalf of a voting shareholder
11 Non-commercial activities
12 Constitutions of company SOCs
13 Constitutions of subsidiaries
14 Dividends
15 Tax-equivalents
16 Government guarantee
17 State taxation
18 Subsidiaries
19 Acquisition and disposal of assets etc
20 Sale or disposal of main undertaking

Part 3 Statutory SOCs

Division 1 Establishment of statutory SOCs

20A Establishment of statutory SOCs
20B Change or removal of name of statutory SOC
20C Transfer of assets, rights and liabilities
20D Ministerial direction

Division 2 Provisions relating to statutory SOCs

20E Principal objectives of statutory SOCs
20F Status of statutory SOCs
20G Application of Commonwealth Corporations Act 2001
20H Share capital, shares and shareholders
20HA Authority for Minister to act for and on behalf of a voting shareholder
20I Portfolio Minister
20J Directors
20K Chief executive officer
20L Operation and management
20M Staff
20N Non-commercial activities
20O Power of portfolio Minister to notify board of public sector policies
20P Power of portfolio Minister to give directions in public interest
20Q Constitution of statutory SOCs
20R Constitution of subsidiaries
20S Dividends
20T Tax-equivalents
20U Government guarantee
20V State taxation
20W Private corporations and subsidiaries
20X Acquisition and disposal of assets, investments and liabilities
20Y Sale or disposal of main undertaking

Division 3 Legal capacity and powers of statutory SOCs

20Z Interpretation
20ZA Objects of Division
20ZB General powers of statutory SOCs
20ZC Restrictions on statutory SOCs
20ZD Persons having dealings with statutory SOCs or property
20ZE Effect of fraud

Part 4 Accountability

21 Statement of corporate intent: timetable and procedure
22 Statement of corporate intent: contents
23 Half-yearly reports
24 Annual reports and financial reports: company SOCs
24A Annual reports and financial reports: statutory SOCs
25 Special reports of Auditor-General
26 Information to be laid before Parliament
27 Procedure if Parliament not in session
28 Public Accounts Committee
29 Other information to be supplied
30 Application of this Part to corporations with no subsidiaries

Part 5 Miscellaneous

31 Crown bound
32 Application of Act in particular cases
33 Operation of Act
33A Duties and liabilities of directors and other officers
33AA Liability of directors and other officers in respect of particular obligations
33B Offences
34 Provisions relating to certain staff
35 (Repealed)
35A Application of Public Finance and Audit Act 1983
36 Application of other Acts
37 (Repealed)
37A Modification of Environmental Planning and Assessment Act 1979 in its application to certain proposals
37B Establishment of Ministerial Holding Corporation
38 Regulations
39 Savings and transitional provisions

 Schedule 1 Company SOCs

 Schedule 2 Provisions to be included in constitution of company SOCs

 Schedule 3 Provisions to be included in constitutions of subsidiaries of company SOCs

 Schedule 4 Provisions relating to certain staff

 Schedule 5 Statutory SOCs

 Schedule 6 Provisions to be included in constitution of statutory SOCs

 Schedule 7 Provisions to be included in constitutions of subsidiaries of statutory SOCs

 Schedule 8 Constitution and procedure of boards of statutory SOCs

 Schedule 9 Chief executive officers of statutory SOCs

 Schedule 10 Duties and liabilities of directors and other officers

 Schedule 11 Savings and transitional provisions

Historical notes