South Australian Current Regulations

PUBLIC CORPORATIONS (ADELAIDE FILM FESTIVAL) REGULATIONS 2017 - REG 14

14—Charter

        (1)         The subsidiary must continue to have a charter prepared by the Minister.

        (2)         The charter must address—

            (a)         the nature and scope of the subsidiary's operations; and

            (b)         the subsidiary's obligations to report on its operations; and

            (c)         the form and contents of the subsidiary's accounts and financial statements; and

            (d)         any accounting, internal auditing or financial systems or practices to be established or observed by the subsidiary; and

            (e)         the acquisition or disposal of capital or assets.

        (3)         The charter may deal with any other matter not specifically referred to in subregulation (2).

        (4)         The charter must be reviewed by the Minister at the end of each financial year.

        (5)         The Minister may amend the charter at any time.

        (6)         The charter, or an amendment to the charter, comes into force and is binding on the subsidiary on a day specified in the charter or amendment (but without affecting any contractual obligations previously incurred by the subsidiary).

        (7)         On the charter or an amendment to the charter coming into force, the Minister must, within 12 sitting days, have copies of the charter, or the charter in its amended form, laid before both Houses of Parliament.