Queensland Consolidated Acts Queensland Consolidated ActsIn this Act--
associate of a candidate GOC has the meaning given by section 22.
associate subsidiary means a GOC Act entity declared by regulation to be a subsidiary of a candidate GOC associate.
board of a GOC means the GOC's board of directors.
board of directors, for chapter 2, part 6, see section 68.
borrow includes--
(a) raise money or credit; and
(b) obtain financial accommodation; and
(c) borrow in a foreign currency.
candidate GOC has the meaning given by section 21.
Commonwealth tax means tax imposed under a Commonwealth Act.
community service obligations has the meaning given by section 112.
corporatisation has the meaning given by section 13.
corporatisation charter of a candidate GOC means--
(a) the draft corporatisation charter approved by the candidate GOC's responsible Ministers as its corporatisation charter; or
(b) if the responsible Ministers approve an amendment of the corporatisation charter--the corporatisation charter as amended.
department means department of government.
dividend, for sections 135 to 137, see section 134.
financial accommodation includes a financial benefit, or assistance to obtain a financial benefit, arising from or because of--
(a) a loan; or
(b) issuing, endorsing or otherwise dealing in promissory notes; or
(c) drawing, accepting, endorsing or otherwise dealing in bills of exchange; or
(d) issuing, purchasing or otherwise dealing in securities; or
(e) granting or taking a lease of any property for financing purposes; or
(f) another arrangement prescribed by regulation.
GOC (or government owned corporation) has the meaning given by section 5.
GOC Act entity means an entity established by a regulation under this Act.
GOC Minister has the meaning given by section 6.
government company means a corporation incorporated under the Corporations Act all the stock or shares in the capital of which is or are beneficially owned by the State.
government entity has the meaning given by section 4.
government entity that is to become a GOC has the meaning given by section 23(1).
government entity that is to become a subsidiary of a GOC has the meaning given by section 23(2).
instrument means an instrument of any kind, and includes, for example--
(a) a contract, deed, agreement, arrangement, understanding or undertaking; and
(b) a mandate, instruction, notice, authority or order; and
(c) a lease, licence, transfer, conveyance or other assurance; and
(d) a guarantee, bond, power of attorney, bill of lading, negotiable instrument or order for the payment of money; and
(e) a mortgage, charge, lien or security;
whether express or implied and whether made or given orally or in writing.
key principles of corporatisation has the meaning given by section 16.
lease includes--
(a) a lease, licence, charter or hiring arrangement of property; and
(b) an arrangement under which a right to use, operate or provide services in relation to property is granted by the owner to another person.
portfolio Minister has the meaning given by section 6.
predecessor, for sections 135 to 137, see section 134.
proposed subsidiary of a GOC or candidate GOC means a government entity that is declared by regulation to be a proposed subsidiary of the GOC or candidate GOC.
responsible Ministers--
(a) of a candidate GOC--see section 29; or
(b) of a candidate GOC associate--see section 30.
security includes inscribed stock, debenture, bond, debenture stock, note and any other document creating, evidencing or acknowledging indebtedness (whether or not constituting a charge on property).
senior executive, of a GOC, includes the holder of an office in the GOC that reports directly to the GOC's chief executive officer and that is commensurate with an office held by a senior executive under the Public Service Act 2008.
share, in relation to a candidate GOC, a GOC or another corporation, means a share in the corporation's share capital.
shareholding Ministers, of a GOC, see section 78.
statement of corporate intent has the meaning given by section 7.
State tax means tax imposed under an Act.
statutory GOC closing time means the time at which the Government Owned Corporations Amendment Act 2007, section 11 commences.
subsidiary has the meaning given by the Corporations Act, and includes--
(a) for a GOC or candidate GOC--a government entity declared by regulation to be a subsidiary of the GOC or candidate GOC; and
(b) for a candidate GOC associate--a GOC Act entity declared by regulation to be a subsidiary of the associate.
tax includes any tax, fee, duty, levy or charge.
terms of appointment or employment include terms relating to--
(a) remuneration and allowances; and
(b) duration of appointment or employment; and
(c) termination of appointment or employment.