(1)  The Treasurer may issue instructions, in writing, in respect of guidelines, principles, practices and procedures to be observed by a Corporation.

(2)  Unless the Corporation has received notice from the Treasurer to the contrary, a GBE Treasurer's Instruction is taken to be a Treasurer's Instruction issued under subsection (1) and is to be read as if any reference to a Government Business Enterprise in that instruction were a reference to a Corporation.

(3)  Subject to subsection (4) , a Corporation is to comply with each Treasurer's Instruction.

(4)  The Treasurer may exempt a Corporation from its obligation to comply with all or part of a Treasurer's Instruction.

(5)  A Treasurer's Instruction which is inconsistent with this Act or any other enactment is invalid to the extent of the inconsistency.

(6)  A Treasurer's Instruction to be complied with by a Corporation does not have any effect until a copy of it is provided to that Corporation.

(7)  A Treasurer's Instruction is not a statutory rule within the meaning of the Rules Publication Act 1953 .

(8)  For the purposes of section 22 of the Acts Interpretation Act 1931 , a Treasurer's Instruction is an instrument of a like nature to an order.

(9)  Subsections (1) , (2) , (3) , (4) , (5) , (6) , (7) and (8) apply to a subsidiary of a Corporation in the same manner and to the same extent as the subsections apply to a Corporation.