Queensland Numbered Acts

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GOVERNMENT OWNED CORPORATIONS AMENDMENT ACT 2007 No. 10 - SECT 30

30 Replacement of ss 76-80

Sections 76 to 80--

omit, insert--

'The shareholders of a company GOC are the GOC Minister and the portfolio Minister of the GOC (the shareholding Ministers).

'(1) Each shareholding Minister must at all times have an equal number of voting shares in the company GOC.

'(2) Each shareholding Minister must also at all times be entitled to voting rights equal to those to which the other shareholding Minister is entitled.

'(3) However, each shareholding Minister may hold non-voting shares and need not hold an equal number of non-voting shares.'.


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