Queensland Consolidated Acts

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 6

(1) The following entities are not statutory bodies--

(a) a company incorporated under the Corporations Act;

(b) a department or part of a department;

(c) a GOC;

(d) an entity whose only function under the Act under which it is established is to perform the role of a trustee of a superannuation fund;

(e) Australian Financial Institutions Commission;

(f) QTC;

(g) Queensland Office of Financial Supervision;

(h) The Public Trustee of Queensland as a corporation sole;

(i) The Treasurer of Queensland under the Financial Accountability Act 2009, section 53;

(j) an entity declared under a regulation not to be a statutory body.

(2) Also, an entity is not a statutory body if--

(a) all or some of its income is paid into the consolidated fund; or

(b) all or some of its expenses are paid out of the consolidated fund, other than a payment in the nature of an endowment, grant-in-aid or subsidy from the consolidated fund.

(3) Subsection (2) is subject to a declaration about an entity under section 5(2)(f) or (3).