Queensland Consolidated Acts Queensland Consolidated Acts(1) The Minister may give a direction (a project direction) to an energy entity or its board requiring the entity or board to do something the Minister considers necessary or convenient for effectively carrying out the project.
(2) Without limiting subsection (1), a project direction may be about--
(a) forming a company for the purpose of transferring a business, asset or liability to the company; or
(b) winding up a company; or
(c) executing an instrument; or
(d) making a particular decision about disposing of shares in an energy entity other than Energex or Ergon; or
(e) making a particular decision for the purpose of returning the proceeds of the disposal of an energy entity, or of a gas or electricity business, to the State; or
Example--
a decision about a dividend or return of capital
(f) disclosing information.
(3) A project direction must be in writing, signed by the Minister.
(4) An energy entity must comply with a project direction given to it.
(5) An energy entity's board must--
(a) if a project direction is given to the board--comply with the direction; or
(b) if a project direction is given to the entity--take the action necessary to ensure the entity complies with the direction.
(6) An energy entity's employees must help the entity or board to comply with a project direction given to the entity or board.