TAB Queensland Limited Privatisation Amendment Act 2003 (Qld)

Queensland TAB QUEENSLAND LIMITED PRIVATISATION AMENDMENT ACT 2003 Act No. 84 of 2003

Queensland TAB QUEENSLAND LIMITED PRIVATISATION AMENDMENT ACT 2003 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2 Commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4 Amendment of s 18 (Definition for pt 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Omission of s 24 (Cornerstone investor). . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 6 Amendment of s 26 (Prohibited shareholding interest). . . . . . . . . . . . . . . . . 4 7 Omission of pt 3, divs 3 and 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 8 Amendment of s 44 (TABQ group companies to have constitutions containing certain provisions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 9 Amendment of s 50 (Pt 5 overrides CorporationsLaw) . . . . . . . . . . . . . . . . 6

Queensland TAB Queensland Limited Privatisation Amendment Act 2003 Act No. 84 of 2003 An Act to amend the TAB Queensland Limited Privatisation Act 1999 [Assented to 6 November 2003]

s1 4 s6 TAB Queensland Limited Privatisation Amendment No. 84, 2003Act 2003 The Parliament of Queensland enacts— 1 Short title This Act may be cited as the TAB Queensland Limited Privatisation Amendment Act 2003 . 2 Commencement This Act commences on a day to be fixed by proclamation. 3 Act amended This Act amends the TAB Queensland Limited Privatisation Act 1999. 4 Amendment of s 18 (Definition for pt 3) (1) Section 18, heading, ‘ Definition ’— omit, insert— ‘ Definitions ’. (2) Section 18, definition “cornerstone investor”— omit. 5 Omission of s 24 (Cornerstone investor) Section 24— omit . 6 Amendment of s 26 (Prohibited shareholding interest) (1) Section 26(1), ‘the cornerstone investor’— omit, insert — ‘ Tab Limited (ABN 17 081 765 308)’.

s7 5 s8 TAB Queensland Limited Privatisation Amendment No. 84, 2003Act 2003 (2) Section 26(2)— omit, insert— ‘ (2) Tab Limited has a prohibited shareholding interest in TABQ if it is entitled to voting shares in TABQ that together constitute more than 10% of the total number of voting shares in TABQ unless the shares were acquired under an arrangement approved by a court under the Corporations Act, section 411(6) and notified by the Minister by gazette notice.’. (3) Section 26(4)— omit. (4) Section 26(5) and (6)— renumber as section 26(4) and (5). 7 Omission of pt 3, divs 3 and 4 Part 3, divisions 3 and 4— omit . 8 Amendment of s 44 (TABQ group companies to have constitutions containing certain provisions) (1) Section 44(2)(b)— omit, insert— ‘(b) at least 3 of the directors of the company to be ordinarily resident in Queensland; and (c) the holders of the following positions, however described, in the company to be ordinarily resident in Queensland— • chief financial officer; • general counsel; • chief human resources officer; and (d) each annual general meeting of the company to be held in Queensland.’. (2) Section 44(3)(c)— omit, insert—

s9 6 s9 TAB Queensland Limited Privatisation Amendment No. 84, 2003Act 2003 ‘(c) in each year, at least 4 of the company’s board meetings are held in Queensland; and (d) each meeting of the company’s board held annually for the purpose of strategic planning is held in Queensland.’. 9 Amendment of s 50 (Pt 5 overrides Corporations Law) Section 50, heading, ‘ Law ’— omit, insert— ‘ Act ’. © State of Queensland 2003