Australian Capital Territory Numbered Acts

TERRITORY OWNED CORPORATIONS AMENDMENT ACT 2004 (NO. 53 OF 2004) - SECT 17

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17A     Application of government policies

    (1)     After consulting with the directors of a Territory owned corporation or subsidiary, the voting shareholders may tell the corporation or subsidiary, in writing, the general government policies (the applicable policies ) that are to apply to the corporation or subsidiary.

    (2)     The directors of the Territory owned corporation or subsidiary must ensure that the applicable policies are, as far as practicable, complied with by the corporation or subsidiary.

    (3)     A notice under subsection (1) is a notifiable instrument.

Note     A notifiable instrument must be notified under the Legislation Act.