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

Queensland Subordinate Legislation 1995 No. 21 Government Owned Corporations Act 1993 GOVERNMENT OWNED CORPORATIONS (QGC CORPORATISATION) AMENDMENT REGULATION (No. 1) 1995 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Amendment of s 3 (Purpose) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Insertion of new Pt 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 PART 8—AFTER QGC IS DECLARED A GOC 24 QGC must issue further shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

s1 2 s4 Government Owned Corporations (QGC Corporatisation) Amendment (No. 1) No. 21, 1995 ˙ Short title 1. This regulation may be cited as the Government Owned Corporations (QGC Corporatisation) Amendment Regulation (No. 1) 1995 . ˙ Regulation amended 2. This regulation amends the Government Owned Corporations (QGCCorporatisation) Regulation 1994. ˙ Amendment of s 3 (Purpose) 3. Section 3— insert— ‘ (2) The purpose of this regulation extends to matters about QGC after it is declared to be a GOC.’. ˙ Insertion of new Pt 8 4. After section 23— insert— ‘ PART 8—AFTER QGC IS DECLARED A GOC ˙ ‘ QGC must issue further shares ‘ 24.(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. 1 ‘ (3) QGC must issue a further 2 699 999 998 of the shares on 3 March 1995.’. 1 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).

3 Government Owned Corporations (QGC Corporatisation) Amendment (No. 1) ENDNOTES 1. Made by the Governor in Council on 9 February 1995. 2. Notified in the Gazette on 10 February 1995. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 1995 No. 21, 1995