Public Corporations (Information Industries Development Centre) Variation Regulations 2005 (SA)

South Australia

Public Corporations (Information Industries Development Centre) Variation Regulations 2005

under the Public Corporations Act 1993

Contents

Part 1—Preliminary

1. Short title

2. Commencement

3. Variation provisions

Part 2—Variation of Public Corporations (Information Industries Development Centre) Regulations 1996

1. Variation of regulation 1—Short title

2. Variation of regulation 3—Interpretation

3. Substitution of heading to Part 3

4. Variation of heading to Part 3 Division 1

5. Variation of regulation 5—Establishment of Playford Centre (section 24)

6. Variation of regulation 7—Composition of board

7. Variation of heading to Part 3 Division 2

8. Variation of regulation 14—Functions of Playford Centre

Part 1—Preliminary

1—Short title

These regulations may be cited as the Public Corporations (Information Industries Development Centre) Variation Regulations 2005.

2—Commencement

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

3—Variation provisions

In these regulations, a provision under a heading referring to the variation of specified regulations varies the regulations so specified.

Part 2—Variation of Public Corporations (Information Industries Development Centre) Regulations 1996

4—Variation of regulation 1—Short title

Regulation 1—delete "Information Industries Development Centre" and substitute:

Playford Centre

5—Variation of regulation 3—Interpretation

1. Regulation 3, definitions of EDS, IT, IT2000 Vision, IT Industry, Local IT Business and Minister—delete the definitions and substitute:

   Minister means the Minister for Science and Information Economy;

2. Regulation 3, definition of the subsidiary—delete "Information Industries Development Centre (IIDC)" and substitute:

   Playford Centre

6—Substitution of heading to Part 3

Heading to Part 3—delete the heading and substitute:

Part 3—Playford Centre

7—Variation of heading to Part 3 Division 1

Heading to Part 3, Division 1—delete "IIDC" and substitute:

Playford Centre

8—Variation of regulation 5—Establishment of Playford Centre (section 24)

Regulation 5(1)—delete subregulation (1) and substitute:

(1)The subsidiary of the Minister established under the name Information Industries Development Centre continues under the name Playford Centre (and a reference in any instrument to the Information Industries Development Centre or IIDC will be taken to be a reference to the Playford Centre).

9—Variation of regulation 7—Composition of board

1. Regulation 7(1)—delete "12" and substitute:

   7

2. Regulation 7(1)—delete "member of the Department of Information Industries" and substitute:

   person appointed to the Public Service under the Public Sector Management Act 1995

3. Regulation 7(5)—delete subregulation (5)

4. Regulation 7(7)—delete subregulation (7)

10—Variation of heading to Part 3 Division 2

Heading to Part 3, Division 2—delete "IIDC" and substitute:

Playford Centre

11—Variation of regulation 14—Functions of Playford Centre

Regulation 14(1)(a) to (c)—delete paragraphs (a) to (c) and substitute:

(a)to contribute to South Australia's economic development by facilitating the formation and development of innovative technology ventures and, in particular—

(i)to provide seed capital and business guidance to such ventures; and

(ii)to manage prudently any investment by the Crown in such ventures so as to minimise any commercial risk or financial exposure while maximising any financial return; and

(iii)to assist in locating and attracting investment by others in such ventures;

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

with the advice and consent of the Executive Council

on 19 May 2005

No 37 of 2005

MSIE10/04CS