Australian Capital Territory Consolidated Acts

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TERRITORY-OWNED CORPORATIONS ACT 1990 - SECT 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 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 .



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