Government Owned Corporations (QGC Corporatisation) Regulation 1994

Queensland Government Owned Corporations Act 1993 GOVERNMENT OWNED CORPORATIONS (QGC CORPORATISATION) REGULATION 1994 Reprinted as in force on 31 March 1999 (includes amendments up to SL No. 32 of 1999) Reprint No. 2A * This reprint is prepared by the Office of the Queensland Parliamentary Counsel Warning—This reprint is not an authorised copy NOT FURTHER AMENDED LAST REPRINT BEFORE REPEAL See 2004 SL No. 166 s 44 * Minor differences in style between this reprint and another reprint with the same number are due to the conversion to another software program. The content has not changed.

Information about this reprint This regulation is reprinted as at 31 March 1999. The reprint shows the law as amended by all amendments that commenced on or before that day (Reprints Act 1992 s 5(c)). The reprint includes a reference to the law by which each amendment was made—see list of legislation and list of annotations in endnotes. Minor editorial changes allowed under the provisions of the Reprints Act 1992 have also been made to use aspects of format and printing style consistent with current drafting practice (s 35). This page is specific to this reprint. See previous reprints for information about earlier changes made under the Reprints Act 1992. A table of earlier reprints is included in the endnotes. Also see endnotes for information about— • when provisions commenced • editorial changes made in earlier reprints.

Queensland GOVERNMENT OWNED CORPORATIONS (QGC CORPORATISATION) REGULATION 1994 TABLE OF PROVISIONS Section Page PART 1—PRELIMINARY 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Operation of this regulation is subject to certain Electricity Act transitional provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 6 Meaning of “GBU asset”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Meaning of “GBU liability” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 PART 2—PREPARATORY MATTERS 8 Share capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 PART 3—QEC IS DIVESTED OF GBU ASSETS AND RELEASED FROM GBU LIABILITIES 9 GBU assets and liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 PART 4—TRANSITION TO QGC Division 1—Staff 10 Officers and employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 11 Positions of officers and employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Division 2—General 12 Extent of application of Division . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 13 QGC is successor of QEC (GBU) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 14 Instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 15 Pending proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

2 Government Owned Corporations (QGC Corporatisation) Regulation 1994 PART 5—TRANSFER OF ASSETS AND LIABILITIES 16 Transfer of assets and liabilities to QGC. . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 17 Consideration for transfer of assets to QGC . . . . . . . . . . . . . . . . . . . . . . . . . 10 PART 6—QGC BECOMES STATUTORY GOC 18 Declaration of QGC as GOC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 PART 7—FUNCTIONS OF QGC 19 QGC’s functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 PART 8—AFTER QGC IS DECLARED A GOC 24 QGC share capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 SCHEDULE 1 . . . . . . . . . . . . . . . . . . . . . . . . 13 PROCEEDINGS TO WHICH QGC BECOMES A PARTY INSTEAD OF QEC SCHEDULE 2 . . . . . . . . . . . . . . . . . . . . . . . . 16 TERMS OF DEBT 1 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 2 Interest payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 3 Role of QTC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 4 Term of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 5 Assignment of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ENDNOTES 1 Index to endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 2 Date to which amendments incorporated. . . . . . . . . . . . . . . . . . . . . . 18 3 Key . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 4 Table of earlier reprints . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 5 List of legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 6 List of annotations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

s1 3 s3 Government Owned Corporations (QGC Corporatisation) Regulation 1994 GOVERNMENT OWNED CORPORATIONS (QGC CORPORATISATION) REGULATION 1994 [as amended by all amendments that commenced on or before 31 March 1999] [reprinted as in force on 31 March 1999] PART 1—PRELIMINARY 1 Short title This regulation may be cited as the Government Owned Corporations (QGC Corporatisation) Regulation 1994 . 2 Commencement (1) Part 3 commences on 31 December 1994. (2) Parts 4 to 7 commence on 1 January 1995. 3 Purpose (1) The purpose of this regulation is— (a) to divest certain assets from, and release certain liabilities of, QEC; and (b) to provide for a transition from GBU to QGC, including transferring certain officers and employees of QEC to QGC; and (c) to transfer the assets and liabilities mentioned in paragraph (a) to QGC; and (d) to make provision about debt owed by QGC because of the transfer of assets to it; and (e) to make QGC a GOC.

s4 4 s5 Government Owned Corporations (QGC Corporatisation) Regulation 1994 (2) The purpose of this regulation extends to matters about QGC after it is declared to be a GOC. 4 Operation of this regulation is subject to certain Electricity Act transitional provisions (1) The operation of this regulation is limited to the extent necessary to allow subsection (2) to have full effect. (2) Despite the earlier commencement of a provision of this regulation about employees, assets or liabilities of QEC, the Electricity Act transitional provisions apply as if the provision of this regulation had not commenced. Example— Under provisions of this regulation (the “regulation provisions” ) certain assets of QEC are divested from it and become the assets of QGC. Section 277 (Transfer of assets and liabilities to the department) of the Electricity Act 1994 allows for the chief executive of the Department of Minerals and Energy to identify certain QEC assets and for the vesting in the State of those assets. Although section 277 commences later than the regulation provisions commence, the section operates as if the regulation provisions had not commenced, so that neither the chief executive’s identification of QEC assets, nor their vesting in the State, is limited by the earlier operation of the regulation provisions. 5 Definitions In this regulation— “CBU” means the candidate GOC known as Corporate Business Unit of QEC. “corporatisation day” means 1 January 1995. “Electricity Act transitional provisions” means the provisions of Chapter 14 (Transitional) of the Electricity Act 1994 that are about the employees, assets or liabilities of QEC. “GBU” means the candidate GOC known as Generation Business Unit of QEC. “GBU asset” see section 6. “GBU asset schedule” means the part of the QEC asset schedule showing assets of GBU.

s5 5 s5 Government Owned Corporations (QGC Corporatisation) Regulation 1994 “GBU balance sheet” means the part of the QEC balance sheet showing liabilities of GBU. “GBU liability” see section 7. “purposes of GBU” does not include purposes of the Electrical Safety Coordination Section of QEC or the Electrical Workers and Contractors Board. “QEC” means the Queensland Electricity Commission within the meaning of the Electricity Act 1976 . “QEC asset schedule” means a schedule prepared under the QTSC corporatisation regulation showing assets of QEC immediately before corporatisation day. “QEC balance sheet” means a balance sheet prepared under the QTSC corporatisation regulation showing liabilities of QEC immediately before corporatisation day. “QEC (GBU)” means QEC, but only in its capacity as GBU, including to the extent of the responsibilities of GBU, immediately before corporatisation day. “QEC intellectual property” means QEC Intellectual Property under the Power Station Sale Agreement mentioned in the State agreement under the Gladstone Power Station Agreement Act 1993 . “QETC” means Queensland Electricity Transmission Corporation. “QGC” means Queensland Generation Corporation. “QTSC” means Queensland Transmission and Supply Corporation. “QTSC corporatisation regulation” means the Government Owned Corporations (QTSC Corporatisation) Regulation 1994 . “TBU” means the subsidiary of CBU known as Transmission Business Unit of QEC. “third party intellectual property” means Third Party Intellectual Property under the Power Station Sale Agreement mentioned in the State agreement under the Gladstone Power Station Agreement Act 1993 .

s6 6 s7 Government Owned Corporations (QGC Corporatisation) Regulation 1994 6 Meaning of “GBU asset” (1) A GBU asset is an asset shown in the QEC asset schedule as an asset of GBU. (2) An asset is also a GBU asset although not shown in the QEC asset schedule as an asset of GBU if— (a) it is not shown in the QEC asset schedule as an asset of CBU or TBU; and (b) immediately before corporatisation day it is an asset of QEC held for the purposes of GBU; and (c) it is not an asset that becomes an asset of the State under section 277 (Transfer of assets and liabilities to the department) of the Electricity Act 1994 . (3) Despite anything in subsection (1) or (2), all QEC intellectual property held by QEC immediately before corporatisation day is also a GBU asset. 7 Meaning of “GBU liability” (1) A GBU liability is a liability shown in the QEC balance sheet as a liability of GBU. (2) A liability is also a GBU liability although not shown in the QEC balance sheet as a liability of GBU if— (a) it is not shown in the QEC balance sheet as a liability of CBU or TBU; and (b) immediately before corporatisation day it is a liability to which QEC is subject for the purposes of GBU; and (c) it is not a liability that becomes a liability of the State under section 277 (Transfer of assets and liabilities to the department) of the Electricity Act 1994 .

s 8 7 s 10 Government Owned Corporations (QGC Corporatisation) Regulation 1994 PART 2—PREPARATORY MATTERS 8 Share capital On the commencement of this section, QGC is taken to have a share capital of $7 000 000 000 made up of 7 000 000 000 ordinary shares of $1 each. 1 PART 3—QEC IS DIVESTED OF GBU ASSETS AND RELEASED FROM GBU LIABILITIES 9 GBU assets and liabilities (1) This section takes effect immediately after 31 December 1994. (2) QEC is divested of all GBU assets and released from all GBU liabilities. PART 4—TRANSITION TO QGC Division 1—Staff 10 Officers and employees (1) A person who, immediately before corporatisation day, was an officer or employee of QEC for the purposes of GBU becomes an officer or employee of QGC. 1 This section provides for QGC’s authorised share capital. Under section 58(2) of the Act, before QGC becomes a GOC, it must apply the part of its capital that the responsible Ministers direct in paying up, in full, shares in itself.

s 11 8 s 13 Government Owned Corporations (QGC Corporatisation) Regulation 1994 (2) Until the rights of the officer or employee are changed, the officer or employee continues to be entitled to all existing and accruing rights of employment. (3) To the extent that a right mentioned in subsection (2) is preserved by section 174 (Preservation of leave entitlements of certain former officers and employees of government entities) of the Act, subsection (2) has no effect. (4) If a person mentioned in subsection (1) was suspended by QEC before corporatisation day, the suspension continues, and must be dealt with by QGC. (5) This section does not apply to a person who becomes an officer of the department under section 276 (Transfer of officers to the department) of the Electricity Act 1994 . 11 Positions of officers and employees (1) A person who under this division becomes an officer or employee of QGC becomes the holder of a position equivalent to the position the person held for the purposes of GBU. (2) Despite subsection (1), a person does not, under this division, become the chief executive officer of QGC. Division 2—General 12 Extent of application of Division This division applies subject to the operation of sections 286 (References to electricity boards, electricity authorities and electricity supply industry) and 287 (Gladstone power station provisions) of the Electricity Act 1994 . 13 QGC is successor of QEC (GBU) (1) QGC is the successor in law of QEC (GBU). (2) Subsection (1) applies subject to the operation of this regulation, the QTSC corporatisation regulation and the Electricity Act 1994 .

s 14 9 s 14 Government Owned Corporations (QGC Corporatisation) Regulation 1994 14 Instruments (1) This section applies to an instrument (other than a statutory instrument) in existence immediately before corporatisation day. (2) An instrument applying to QEC for the purposes of GBU is to apply to QGC in place of QEC to the extent that it applied for the purposes of GBU. 2 (3) Without limiting subsection (2), an instrument— (a) to which, immediately before corporatisation day, QEC was a party for the purposes of GBU, is taken to be an instrument to which QGC is a party in the same way QEC was a party for the purposes of GBU; and (b) given to, by or in favour of QEC for the purposes of GBU is taken to be an instrument given to, by or in favour of QGC in the way it was given to, by or in favour of QEC for the purposes of GBU; and (c) in which a reference is made to QEC for the purposes of GBU (including, for example, an instrument to which QEC was a party for the purposes of GBU) is taken to be an instrument in which the reference is made to QGC in the way the reference was made to QEC for the purposes of GBU; and (d) under which an amount is or may become payable to or by QEC for the purposes of GBU is taken to be an instrument under which the amount is or may become payable to or by QGC in the way the amount was or might have become payable to or by QEC for the purposes of GBU; and (e) under which other property is to be, or may become liable to be, transferred, conveyed or assigned to or by QEC for the purposes of GBU is taken to be an instrument under which the other property is to be, or may become liable to be, transferred, conveyed or assigned to or by QGC in the way the property was to be, or might have become liable to be, transferred, conveyed or assigned to or by QEC for the purposes of GBU. 2 Under this provision and equivalent provisions in the QTSC corporatisation regulation, it is possible that an instrument that previously applied to QEC alone could apply to 2 or more of QGC, QTSC and QETC.

s 15 10 s 17 Government Owned Corporations (QGC Corporatisation) Regulation 1994 (4) Despite anything in subsections (1) to (3), a licence under which, immediately before corporatisation day, QEC has a right to use QEC intellectual property or third party intellectual property applies to QGC in place of QEC. (5) Subsections (1) to (3) do not apply to an instrument which QEC, on or before 31 December 1994, agrees with QGC to assign to QGC, or with QTSC to assign to QTSC, or with QETC to assign to QETC, if it is agreed the assignment is to become effective at a time earlier than the commencement of section 3 of the Electricity Act 1994 . 15 Pending proceedings (1) QGC becomes a party to a proceeding mentioned in schedule 1 instead of QEC. (2) Subject to subsection (1), a proceeding (other than a proceeding mentioned in schedule 2 to the QTSC corporatisation regulation) by or against QEC arising out of acts or omissions of QEC for the purposes of GBU that is not finished before corporatisation day may be continued and finished by or against QGC to the extent it might have been continued by or against QEC for the purposes of GBU. PART 5—TRANSFER OF ASSETS AND LIABILITIES 16 Transfer of assets and liabilities to QGC (1) The assets mentioned in section 9(2) become the assets of QGC. (2) The liabilities mentioned in section 9(2) are assumed by QGC. 17 Consideration for transfer of assets to QGC (1) The assumption of liabilities by QGC under section 16(2) is part of the consideration for the transfer of assets to QGC under section 16(1). (2) The remainder of the consideration is the creation of a debt owed by QGC to the shareholding Ministers of the GOC that QGC becomes under this regulation.

s 18 11 s 18 Government Owned Corporations (QGC Corporatisation) Regulation 1994 (3) The terms of the debt are in schedule 2. (4) The amount of the debt is the market value, at 1 January 1995, of the assets shown in the GBU asset schedule, less— (a) the amount, at 1 January 1995, of the liabilities shown in the GBU balance sheet; and (b) any amount that QGC’s responsible Ministers direct QGC, under section 58(2) of the Act, to apply in paying up shares in itself. (5) For subsection (4)— (a) the market value, at 1 January 1995, of an asset is, unless another valuation is decided under subsection (6), taken to be the market value shown for the asset in the GBU asset schedule for 1 January 1995; and (b) the amount, at 1 January 1995, of the liabilities is, unless another amount is decided under subsection (6), taken to be the amount of the liabilities shown in the GBU balance sheet for 1 January 1995. (6) The shareholding Ministers of the GOC that QGC becomes under this regulation may change the GBU asset schedule or the GBU balance sheet at any time not later than 31 March 1996 to correct the market value of an asset or the amount of a liability as at 1 January 1995. (7) A change mentioned in subsection (6) must be taken into account for calculating the debt amount under subsection (4). PART 6—QGC BECOMES STATUTORY GOC 18 Declaration of QGC as GOC (1) Subsection (2) takes effect as soon as the assets and liabilities mentioned in section 9(2) become the assets and liabilities of QGC under section 16 (Transfer of assets and liabilities to QGC). (2) QGC is a GOC.

s 19 12 s 24 Government Owned Corporations (QGC Corporatisation) Regulation 1994 PART 7—FUNCTIONS OF QGC 19 QGC’s functions QGC’s functions are stated in the Government Owned Corporations (QGC Restructure—Stage 2) Regulation 1997 . PART 8—AFTER QGC IS DECLARED A GOC 24 QGC share capital (1) Under section 8, QGC is taken to have a share capital of $7 000 000 000, made up of 7 000 000 000 ordinary shares of $1 each. (2) Under section 58 of the Act, 2 of the shares have been issued. 3 (3) QGC must issue a further 2 699 999 998 of the shares on 3 March 1995. (4) QGC must issue a further 68 914 282 of the shares on 30 June 1995. (5) Of the shares issued under subsection (3), 2 512 208 952 are cancelled. 3 Under the Act, each of QGC’s 2 shareholding Ministers holds an equal number of the issued shares (see sections 71 to 74 of the Act).

13 Government Owned Corporations (QGC Corporatisation) Regulation 1994 SCHEDULE 1 PROCEEDINGS TO WHICH QGC BECOMES A PARTY INSTEAD OF QEC section 15(1) Court Supreme Court Rockhampton Supreme Court Rockhampton Supreme Court Rockhampton Supreme Court Rockhampton Proceeding Number Writ No. 175 of 1986 Writ No. 7 of 1987 Writ No. 58 of 1987 Writ No. 11 of 1988 Plaintiff Defendant Anthony John Osborne Garry Paul Percival Roman Ift Paul Leslie Jose Queensland Electricity Commission Queensland Electricity Commission Simon Engineering C Itoh & Co Queensland Electricity Commission Workers’ Compensation Board of Queensland C E Health Underwriting Insurance (Australia) Queensland Electricity Commission

14 Government Owned Corporations (QGC Corporatisation) Regulation 1994 SCHEDULE 1 (continued) Court Supreme Court Brisbane Proceeding Number Writ No. 12 of 1990 Supreme Court Brisbane Writ No. 198 of 1990 Supreme Court Brisbane Writ No. 304 of 1991 District Court Gladstone Plaint No. 82 of 1992 Magistrates Court Plaint No. 89 of Gladstone 1992 Supreme Court Rockhampton Writ No. 47 of 1993 District Court Gladstone Plaint No. 49 of 1993 District Court Brisbane Plaint No. 617 of 1993 Supreme Court Brisbane Writ No. 1008 of 1993 District Court Gladstone Plaint No. 16 of 1994 Plaintiff Defendant Paul Innes Alexander Robert O’Neill Peter Rosak John Stewart Gourley Ian Patrick Brushe Ljubisav Radovanovic Gary Ian Underdown Colin Elton McElligott Patrick John Keith McAuliffe John Edward McGarrow Queensland Electricity Commission Queensland Electricity Commission Queensland Electricity Commission Queensland Electricity Commission Queensland Electricity Commission Queensland Electricity Commission Queensland Electricity Commission Queensland Electricity Commission Queensland Electricity Commission Queensland Electricity Commission

15 Government Owned Corporations (QGC Corporatisation) Regulation 1994 SCHEDULE 1 (continued) Court District Court Rockhampton Proceeding Number Plaint No. 27 of 1994 Magistrates Court Plaint No. 126 of Gladstone 1994 Plaintiff Defendant Neville Patrick Dunne Ronald Keith Plant Queensland Electricity Commission Queensland Electricity Commission

16 Government Owned Corporations (QGC Corporatisation) Regulation 1994 SCHEDULE 2 TERMS OF DEBT section 17(3) 1 Definitions In this schedule— “business day” means a business day for Sydney. “11 a.m. rate” means the rate calculated by taking the buy rate (low side) of the first rate quoted on the page numbered “AFMZ” of the Reuters Monitor System at, or approximately at, 11 a.m. (Sydney time). “QTC” means Queensland Treasury Corporation. 2 Interest payable (1) QGC must pay interest on the amount of debt unpaid from time to time. (2) The interest is calculated on a daily basis and is payable monthly in arrears. (3) The interest for a month is payable on the 15th day of the next month. (4) The interest rate for a day is the 11 a.m. rate for that day. (5) However, if the day is not a business day, the rate of interest for the day is the 11 a.m. rate for the last business day before the day. 3 Role of QTC (1) QTC is to calculate the interest payable. (2) QTC’s calculation binds QGC unless QTC makes an error that is not a trivial error.

17 Government Owned Corporations (QGC Corporatisation) Regulation 1994 SCHEDULE 2 (continued) 4 Term of debt The debt is repayable on or before 1 January 2005. 5 Assignment of debt The debt may be assigned in whole or in part by the shareholding Ministers by giving written notice to QGC.

18 Government Owned Corporations (QGC Corporatisation) Regulation 1994 ENDNOTES 1 Index to endnotes Page 2 Date to which amendments incorporated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 3 Key . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 4 Table of earlier reprints . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 5 List of legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 6 List of annotations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20 2 Date to which amendments incorporated This is the reprint date mentioned in the Reprints Act 1992, section 5(c). Accordingly, this reprint includes all amendments that commenced operation on or before 31 March 1999. Future amendments of the Government Owned Corporations (QGC Corporatisation) Regulation 1994 may be made in accordance with this reprint under the Reprints Act 1992, section 49. 3 Key Key to abbreviations in list of legislation and annotations Key AIA amd amdt ch def div exp gaz hdg ins lap notfd o in c om orig p para prec pres Explanation = Acts Interpretation Act 1954 = amended = amendment = chapter = definition = division = expires/expired = gazette = heading = inserted = lapsed = notified = order in council = omitted = original = page = paragraph = preceding = present Key prev (prev) proc prov pt pubd R[X] RA reloc renum rep s sch sdiv SIA SIR SL sub unnum Explanation = previous = previously = proclamation = provision = part = published = Reprint No.[X] = Reprints Act 1992 = relocated = renumbered = repealed = section = schedule = subdivision = Statutory Instruments Act 1992 = Statutory Instruments Regulation 1992 = subordinate legislation = substituted = unnumbered

19 Government Owned Corporations (QGC Corporatisation) Regulation 1994 4 Table of earlier reprints TABLE OF EARLIER REPRINTS [If a reprint number includes a roman letter, the reprint was released in unauthorised, electronic form only.] Reprint No. 1 1A 1B 2 Amendments included to SL No. 21 of 1995 to SL No. 174 of 1995 to SL No. 167 of 1997 to SL No. 167 of 1997 Reprint date 17 February 1995 10 March 1997 25 August 1997 22 January 1998 5 List of legislation Government Owned Corporations (QGC Corporatisation) SL No. 448 made by the Governor in Council on 15 December 1994 notfd gaz 16 December 1994 pp 1792–7 pt 3 commenced 31 December 1994 (see s 2(1)) pts 4–7 commenced 1 January 1995 (see s 2(2)) remaining provisions commenced on date of notification exp 1 September 2005 (see SIA s 54) Regulation 1994 as amended by— Government Owned Corporations (QGC Corporatisation) Amendment Regulation (No. 1) 1995 SL No. 21 notfd gaz 10 February 1995 pp 552–3 commenced on date of notification Government Owned Corporations (QGC Corporatisation) Amendment Regulation (No. 2) 1995 SL No. 174 notfd gaz 9 June 1995 pp 1165–71 commenced on date of notification Government Owned Corporations (QGC Restructure—Stage 2) Regulation 1997 SL No. 167 ss 1–2, 27 sch 2 notfd gaz 26 June 1997 pp 899–900 ss 1–2 commenced on date of notification remaining provisions commenced 1 July 1997 (see s 2(2)) Government Owned Corporations Legislation Amendment Regulation (No. 1) 1999 SL No. 32 ss 1–2(1) pt 2 notfd gaz 26 March 1999 pp 1450–3 ss 1–2 commenced on date of notification remaining provisions commenced 31 March 1999 (see s 2(1))

20 Government Owned Corporations (QGC Corporatisation) Regulation 1994 6 List of annotations Purpose s 3 amd 1995 SL No. 21 s 3 PART 7—FUNCTIONS OF QGC pt hdg sub 1997 SL No. 167 s 27 sch 2 QGC’s functions s 19 sub 1997 SL No. 167 s 27 sch 2 Status of QGC s 20 om 1997 SL No. 167 s 27 sch 2 Functions of QGC s 21 om 1997 SL No. 167 s 27 sch 2 Limitation on function s 22 om 1997 SL No. 167 s 27 sch 2 QGC to help QTSC s 23 om 1997 SL No. 167 s 27 sch 2 PART 8—AFTER QGC IS DECLARED A GOC pt hdg ins 1995 SL No. 21 s 4 QGC share capital prov hdg sub 1999 SL No. 32 s 4(1) s 24 ins 1995 SL No. 21 s 4 amd 1995 SL No. 174 s 3; 1999 SL No. 32 s 4(2) © State of Queensland 2004