Queensland Numbered Acts

GOVERNMENT OWNED CORPORATIONS AMENDMENT ACT 2007 No. 10 - SECT 51

Section 164--

insert--

'(2) For subsection (1)--

(a) a reference in this part to the GOC's board is taken to be a reference to the subsidiary's board of directors; and

(b) a reference in this part to the shareholding Ministers is taken to be a reference to the shareholding Ministers of each GOC that is a shareholder of the subsidiary.

'(3) Section 168, as it applies to a GOC subsidiary under subsection (1), does not limit a provision of the subsidiary's constitution requiring the subsidiary's board to consult the board of a GOC that is a shareholder of the subsidiary before appointing senior executives under the section.'.