Government Owned Corporations (Ports) Amendment Regulation (No. 1) 1995 (Qld)

Queensland Subordinate Legislation 1995 No. 294 Government Owned Corporations Act 1993 GOVERNMENT OWNED CORPORATIONS (PORTS) AMENDMENT REGULATION (No. 1) 1995 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Insertion of new pt 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 PART 9—AFTER ASSOCIATES ARE DECLARED TO BE GOCs 24 Bundaberg Port Authority must issue further shares . . . . . . . . . . . . . 2 25 Cairns Port Authority must issue further shares . . . . . . . . . . . . . . . . . 3 26 Mackay Port Authority must issue further shares . . . . . . . . . . . . . . . 3 27 Rockhampton Port Authority must issue further shares . . . . . . . . . . 4 28 Townsville Port Authority must issue further shares . . . . . . . . . . . . . 4

s1 2 s3 Government Owned Corporations (Ports) Amendment (No. 1) No. 294, 1995 ˙ Short title 1. This regulation may be cited as the Government Owned Corporations (Ports) Amendment Regulation (No. 1) 1995 . ˙ Regulation amended 2. This regulation amends the Government Owned Corporations (Ports)Regulation 1995 . ˙ Insertion of new pt 9 3. After section 23— insert— ‘ PART 9—AFTER ASSOCIATES ARE DECLARED TO BE GOCs ˙ ‘ Bundaberg Port Authority must issue further shares ‘ 24.(1) Under section 9(1), 1 Bundaberg Port Authority is taken to have a share capital of $100 000 000, made up of 100 000 000 ordinary shares of $1 each. ‘ (2) Under section 58 2 of the Act, 2 of the shares have been issued. 3 ‘ (3) Bundaberg Port Authority must issue a further 50 074 592 of the shares on 1 November 1995. 1 Section 9 (Share capital). The subsection refers to New BPA. New BPA’s name was changed to Bundaberg Port Authority under section 12(1). 2 Section 58 (Share capital and issue of shares) 3 Under the Act, each of Bundaberg Port Authority’s 2 shareholding Ministers holds an equal number of the issued shares (see sections 71 to 74 of the Act).

s3 3 s3 Government Owned Corporations (Ports) Amendment (No. 1) No. 294, 1995 ˙ ‘ Cairns Port Authority must issue further shares ‘ 25.(1) Under section 9(2), 4 Cairns Port Authority is taken to have a share capital of $1 000 000 000, made up of 1 000 000 000 ordinary shares of $1 each. ‘ (2) Under section 58 5 of the Act, 2 of the shares have been issued. 6 ‘ (3) Cairns Port Authority must issue a further 282 850 968 of the shares on 1 November 1995. ˙ ‘ Mackay Port Authority must issue further shares ‘ 26.(1) Under section 9(3), 7 Mackay Port Authority is taken to have a share capital of $200 000 000, made up of 200 000 000 ordinary shares of $1 each. ‘ (2) Under section 58 8 of the Act, 2 of the shares have been issued. 9 ‘ (3) Mackay Port Authority must issue a further 125 134 926 of the shares on 1 November 1995. 4 Section 9 (Share capital). The subsection refers to New CPA. New CPA’s name was changed to Cairns Port Authority under section 12(2). 5 Section 58 (Share capital and issue of shares) 6 Under the Act, each of Cairns Port Authority’s 2 shareholding Ministers holds an equal number of the issued shares (see sections 71 to 74 of the Act). 7 Section 9 (Share capital). The subsection refers to New MPA. New MPA’s name was changed to Mackay Port Authority under section 12(3). 8 Section 58 (Share capital and issue of shares) 9 Under the Act, each of Mackay Port Authority’s 2 shareholding Ministers holds an equal number of the issued shares (see sections 71 to 74 of the Act).

s3 4 s3 Government Owned Corporations (Ports) Amendment (No. 1) No. 294, 1995 ˙ ‘ Rockhampton Port Authority must issue further shares ‘ 27.(1) Under section 9(4), 10 Rockhampton Port Authority is taken to have a share capital of $100 000 000, made up of 100 000 000 ordinary shares of $1 each. ‘ (2) Under section 58 11 of the Act, 2 of the shares have been issued. 12 ‘ (3) Rockhampton Port Authority must issue a further 14 009 404 of the shares on 1 November 1995. ˙ ‘ Townsville Port Authority must issue further shares ‘ 28.(1) Under section 9(5), 13 Townsville Port Authority is taken to have a share capital of $500 000 000, made up of 500 000 000 ordinary shares of $1 each. ‘ (2) Under section 58 14 of the Act, 2 of the shares have been issued. 15 ‘ (3) Townsville Port Authority must issue a further 121 935 026 of the shares on 1 November 1995.’. 10 Section 9 (Share capital). The subsection refers to New RPA. New RPA’s name was changed to Rockhampton Port Authority under section 12(4). 11 Section 58 (Share capital and issue of shares) 12 Under the Act, each of Rockhampton Port Authority’s 2 shareholding Ministers holds an equal number of the issued shares (see sections 71 to 74 of the Act). 13 Section 9 (Share capital). The subsection refers to New TPA. New TPA’s name was changed to Townsville Port Authority under section 12(5). 14 Section 58 (Share capital and issue of shares) 15 Under the Act, each of Townsville Port Authority’s 2 shareholding Ministers holds an equal number of the issued shares (see sections 71 to 74 of the Act).

5 Government Owned Corporations (Ports) Amendment (No. 1) No. 294, 1995 ENDNOTES 1. Made by the Governor in Council on 26 October 1995. 2. Notified in the gazette on 27 October 1995. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 1995