Queensland Consolidated Acts Queensland Consolidated Acts(1) An LGOC's shareholder may, by resolution, give the LGOC's board a written direction in relation to the LGOC and its subsidiaries if the shareholder is satisfied, because of exceptional circumstances, it is necessary to give the direction in the public interest.
(2) The board must ensure the direction is complied with by the LGOC.
(3) If the direction concerns the LGOC's subsidiary, the LGOC board must, to the extent the direction concerns the subsidiary--
(a) notify the subsidiary of the direction; and
(b) ensure the direction is complied with by the subsidiary.
(4) The subsidiary's board must ensure that a direction of which it has been notified is complied with in relation to the subsidiary to the extent that the direction concerns the subsidiary.
(5) Before giving the direction, the shareholder must--
(a) consult with the LGOC; and
(b) ask the board to advise it whether, in its opinion, complying with the direction would not be in the commercial interests of the LGOC or any of its subsidiaries.
(6) A copy of the direction must be open to inspection.