MFP Development Act 1992 (SA)

(Reprint No. 3)

SOUTH AUSTRALIA

MFP DEVELOPMENT ACT 1992

This Act is reprinted pursuant to the Acts Republication Act 1967 and incorporates all amendments in force as at 1 May 1998.

It should be noted that the Act was not revised (for obsolete references, etc.) by the Commissioner of Statute Revision prior to the publication of this reprint.

SUMMARY OF PROVISIONS

PART 1

PRELIMINARY

1.                   Short title

2.                   Commencement

3.                   Interpretation

PART 3

MFP DEVELOPMENT CORPORATION

6.                   Corporation

7.                   Constitution of Corporation

8.                   Functions of Corporation

9.                   Powers of Corporation

10.                  Chief executive officer

11.                  Vesting of land within, or excluded from, MFP core site

12.                  Environmental impact statement for MFP core site

14.                  Delegation

15.                  Common seal and execution of documents

16.                  Validity of transactions

PART 5

FINANCIAL PROVISIONS

29.                  Banking and investment

30.                  Borrowing

31.                  Accounts and audit

32.                  Exemption from rates and taxes

PART 6

WINDING UP

33.                  Disposal of assets or liabilities

34.                  Transfer of staff

PART 7

REGULATIONS

35.                  Regulations

PART 8

EXPIRY OF ACT

36.                  Expiry of Act

SCHEDULE 1

Plan of MFP Core Site

SCHEDULE 2

Plan of Science Park Adelaide

SCHEDULE 3

Plan of Technology Park Adelaide

APPENDIX 1

LEGISLATIVE HISTORY

APPENDIX 2

DIVISIONAL PENALTIES AND EXPIATION FEES

MFP DEVELOPMENT ACT 1992

being

MFP Development Act 1992 No. 24 of 1992

[Assented to 14 May 1992]1

as amended by

MFP Development (Miscellaneous) Amendment Act 1995 No. 29 of 1995 [Assented to 27 April 1995]2

MFP Development (Miscellaneous) Amendment Act 1996 No. 76 of 1996 [Assented to 21 November 1996]3

MFP Development (Winding-Up) Amendment Act 1998 No. 31 of 1998 [Assented to 23 April 1998]4

1 Came into operation 15 October 1992:Gaz. 15 October 1992, p. 1310. (A proclamation under s. 4, to repeal the Technology Development Corporation Act 1982, was made on 1 July 1993: Gaz. 1 July 1993, p. 200.)

2 Came into operation 27 July 1995:Gaz. 27 July 1995, p. 292.

3 Came into operation 19 December 1996:Gaz. 19 December 1996, p. 1923.

4 Came into operation 1 May 1998:Gaz. 23 April 1998, p. 1926.

NOTE:

Asterisks indicate repeal or deletion of text.

Entries appearing in bold type indicate the amendments incorporated since the last reprint.

For the legislative history of the Act see Appendix 1.

An Act to provide for the development and promotion of the MFP development project; to establish the MFP Development Corporation and define its functions and powers; to repeal the Technology Development Corporation Act 1982; and for other purposes.

The Parliament of South Australia enacts as follows:

PART 1

PRELIMINARY

Short title

1. This Act may be cited as the MFP Development Act 1992.

Commencement

2. This Act will come into operation on a day to be fixed by proclamation.

Interpretation

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

"asset" means—