Western Australian Consolidated Acts

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GOLD CORPORATION ACT 1987 - SECT 3

3 .         Terms used in this Act

        (1)         In this Act, unless the contrary intention appears — 

        Australian currency means the lawful currency of Australia;

        Board means the board of directors of Gold Corporation constituted by section 5;

        business undertaking means a body corporate or unincorporate engaging in or proposing to engage in any industry whether or not the industry is related to the gold industry;

        chief executive officer means the person holding office as chief executive officer of Gold Corporation appointed under section 7;

        Corporations Act means the Corporations Act 2001 of the Commonwealth;

        deputy chief executive officer means the person holding office as the deputy chief executive officer of Gold Corporation appointed under section 7;

        director means a person holding office as a member of the board of directors of Gold Corporation under section 5;

        foreign currency means the lawful currency of a country other than Australia;

        Gold Bank means the corporation of that name formerly constituted under section 4 prior to the coming into operation of section 9 of the Acts Amendment (Gold Banking Corporation) Act 1990 1 ;

        GoldCorp means the subsidiary of Gold Corporation known as GoldCorp Australia constituted under section 48;

        Gold Corporation means the Gold Corporation constituted under section 4;

        industry means any business activity undertaken with the object of making profits and, without limiting the generality of the foregoing, includes prospecting, exploration, mining, processing, manufacturing, marketing, banking, trading and the provision of services of any kind;

        minerals means any solid, liquefied or gaseous inorganic or organic matter and includes petroleum and gas;

        Mint means the Western Australian Mint preserved and continued in existence under section 35;

        money means Australian currency and foreign currency;

        repealed Act means the Western Australian Mint Act 1970 ;

        statutory authority means a body corporate or unincorporate which is established by and constituted under a written law as a State instrumentality, agency or authority, other than a body corporate of a class of bodies corporate specified in the Schedule to the Western Australian Treasury Corporation Act 1986 ;

        subsidiary in relation to Gold Corporation, means — 

            (a)         the Mint;

            (b)         GoldCorp; and

            (c)         a body determined to be a subsidiary of Gold Corporation under subsection (3);

        the Account means the banking accounts together constituting the Gold Corporation Account referred to in section 55;

        The Director of The Perth Mint means the body corporate of that name constituted under section 9 of the Perth Mint Act 1970  2 as enacted prior to the coming into operation of the Perth Mint Amendment Act 1986 ;

        the Royal Mint means the Perth Branch of the Royal Mint established by proclamation under section 11 of the Coinage Act 1870 of the Parliament of the United Kingdom;

        Treasurer means the Treasurer of the State;

        Treasury means the department of the Public Service for which the Under Treasurer is the chief executive officer.

        (2)         A reference in this Act to gold shall be construed as including a reference to silver, other precious metals, precious stones and other minerals.

        (3)         Part 1.2 Division 6 of the Corporations Act applies for the purpose of determining whether a body is a subsidiary of Gold Corporation.

        [Section 3 amended by No. 10 of 1990 s. 6 and 7; No. 73 of 1994 s. 4; No. 20 of 2003 s. 25; No. 28 of 2006 s. 415; No. 8 of 2009 s. 65.]

        [Heading amended by No. 10 of 1990 s. 8; No. 28 of 2006 s. 416.]



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