Public Corporations (Austrics) (Dissolution and Revocation) Regulations 2003 (SA)

South Australia

Public Corporations (Austrics) (Dissolution and Revocation) Regulations 2003

under the Public Corporations Act 1993

Contents

Part 1—Preliminary

1. Short title

2. Commencement

3. Interpretation

Part 2—Dissolution of Austrics

1. Dissolution and transfer of assets and liabilities of Austrics

Part 3—Revocation of Public Corporations (State Transport Authority) Regulations 1993

1. Revocation of regulations

Part 1—Preliminary

1—Short title

These regulations may be cited as the Public Corporations (Austrics) (Dissolution and Revocation) Regulations 2003.

2—Commencement

These regulations come into operation on the day on which they are made.

3—Interpretation

In these regulations—

Act means the Public Corporations Act 1993.

Part 2—Dissolution of Austrics

4—Dissolution and transfer of assets and liabilities of Austrics

Pursuant to section 25 of the Act—

(a)Austrics, established by regulation under the Act as a subsidiary of Transadelaide, is dissolved; and

(b)the assets and liabilities of Austrics immediately before its dissolution are transferred to and vested in or attached to TransAdelaide.

Part 3—Revocation of Public Corporations (State Transport Authority) Regulations 1993

5—Revocation of regulations

The Public Corporations (State Transport Authority) Regulations 1993 are revoked.

Note—

As required by section 10AA(2) of the Subordinate Legislation Act 1978, the Minister has certified that, in the Minister's opinion, it is necessary or appropriate that these regulations come into operation as set out in these regulations.

Made by the Governor's Deputy

with the advice and consent of the Executive Council

on 25 September 2003

No 196 of 2003

CTAD2003/1