Government Owned Corporations (TAB Corporatisation) Regulation 1999
GOVERNMENT OWNED CORPORATIONS (TAB CORPORATISATION)
REGULATION 1999
QueenslandGovernment Owned
Corporations Act 1993GOVERNMENTOWNEDCORPORATIONS(TABCORPORATISATION)REGULATION1999Reprinted as in force on 20 July
1999(regulation not amended up to this
date)Reprint No. 1 *This reprint is
prepared bythe Office of the Queensland Parliamentary
CounselWarning—This reprint is not an authorised
copyNOT FURTHER AMENDEDLAST REPRINT
BEFORE REPEALSee 2004 SL No. 166 s 44*Minor
differences in style between this reprint and another reprint with
the same number are due to theconversion to
another software program. The content has not changed.
Information about this reprintThis
regulation is reprinted as at 20 July 1999.Minor editorial
changes allowed under the provisions of the Reprints Act 1992
mentionedin the following list have been made
to—•use aspects of format and printing
style consistent with current drafting practice(s 35)•omit provisions that are no longer
required (s 40).See endnotes for information about when
provisions commenced.
s13s4Government Owned Corporations (TABCorporatisation) Regulation 1999GOVERNMENT OWNED CORPORATIONS (TABCORPORATISATION) REGULATION 1999[reprinted as in force on 20 July
1999]PART 1—PRELIMINARY1Short
titleThis regulation may be cited as theGovernmentOwnedCorporations(TAB
Corporatisation) Regulation 1999.2CommencementThisregulationcommencesonthedaytheRacingLegislationAmendment Act
1998, section 36 commences.3PurposeThe purpose of
this regulation is—(a)to change the name of the Totalisator
Board; and(b)to declare that TAB is a GOC (a
statutory GOC); and(c)to provide for the functions of TAB
(as a statutory GOC); and(d)tonominateTABasacandidateGOCthatistobecomeacompany GOC; and(e)to
declare that TAB is a GOC (a company GOC).4DefinitionsIn this
regulation—“TAB”means TAB Queensland.“TotalisatorBoard”meanstheTotalisatorAdministrationBoardofQueensland.
s54s9Government Owned Corporations (TABCorporatisation) Regulation 1999PART
2—PREPARATORY MATTERS5Change of name of
Totalisator BoardTotalisator Board’s name is changed to TAB
Queensland.6Share capitalOnthecommencementofthissection,TABistakentohaveasharecapital of $1 000 000 000 made up of 4 voting
(A class) shares of $1 eachand 999 999 996 non-voting (B class)
shares of $1 each.PART 3—TAB BECOMES A STATUTORY GOC7Declaration of TAB as a GOC(1)Subsection (2) takes effect as soon as
TAB has applied the part of itssharecapitalthatitsresponsibleMinistersdirectinpayingup,infull,shares in
itself.(2)TAB is a GOC.PART 4—FUNCTIONS
OF TAB8When part takes effectThis
part takes effect when TAB becomes a GOC under section 7(2).9TAB’s functions(1)TAB’s
primary function is to conduct gambling activities (whether
inQueensland or elsewhere).(2)TABalsohasthefunctionofcarryingonanyactivityrelatingorhelpful to its primary
function.
s
105s 11Government Owned
Corporations (TABCorporatisation) Regulation 1999(3)Subsections (1) and (2) cease to apply
to TAB when TAB becomes acompany GOC.(4)In
this section—“gamblingactivities”includeactivitiesauthorisedorpermittedtobecarried on under—(a)anoperator’slicenceunderpart3AoftheGamingMachineAct
1991; or(b)an interactive
gambling licence under theInteractive Gambling(Player Protection) Act 1998;
or(c)a keno licence under theKeno
Act 1996; or(d)a race or sports
wagering licence under theWagering Act 1998.PART
5—NOMINATION OF TAB AS CANDIDATE GOCTHAT IS TO
BECOME A COMPANY GOC10Nomination of TAB(1)Subsection (2) takes effect immediately
after TAB becomes a GOCunder part 3.(2)TABisnominatedtobeacandidateGOCthatistobecomeacompany GOC.PART 6—TAB
BECOMES A COMPANY GOC11Declaration of
TAB as a GOC(1)Subsection (2) takes effect as soon as
both of the following apply—(a)TAB
is a candidate GOC that is to become a company GOC;(b)TABisapubliccompany,andacompanylimitedbyshares,within the
meaning of the Corporations Law.
s
116s 11Government Owned
Corporations (TABCorporatisation) Regulation 1999(2)TAB is a GOC.(3)As
soon as practicable after TAB becomes a company GOC undersubsection (2), the shareholding Ministers
for the company GOC that TABhasbecomemust,bygazettenotice,advisethedayonwhichtheentitybecameregisteredundertheCorporationsLaw,chapter5B,part5B.1,division 1.11CorporationsLaw,chapter5B(Bodiescorporateregisteredascompanies,andregistrablebodies),part5B.1(Registeringabodycorporateasacompany),division 1
(Registration)
7Government Owned Corporations
(TABCorporatisation) Regulation 1999ENDNOTES1Index to endnotesPage2Date to which amendments incorporated
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.73Key . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .74List of
legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . .85List of annotations . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .82Date to which amendments
incorporatedThis is the reprint date mentioned in the
Reprints Act 1992, section 5(c).However,
noamendments have commenced operation on or
before that day.Future amendments of theGovernment Owned
Corporations (TAB Corporatisation) Regulation 1999 may be
madein accordance with this reprint under the
Reprints Act 1992, section 49.3KeyKey to abbreviations in list of
legislation and annotationsKeyAIAamdamdtchdefdivexpgazhdginslapnotfdo in comorigpparaprecpresExplanation=Acts
Interpretation Act 1954=amended=amendment=chapter=definition=division=expires/expired=gazette=heading=inserted=lapsed=notified=order
in council=omitted=original=page=paragraph=preceding=presentKeyprev(prev)procprovptpubdR[X]RArelocrenumrepsschsdivSIASIRSLsubunnumExplanation=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
