Territory-owned Corporations Act 1990

The voting shareholders of a territory-owned corporation must ensure that the constitution of the corporation or any subsidiary always contains provisions to the effect of those required by schedule 2 and schedule 3.

If the constitution of a company that becomes a territory-owned corporation or subsidiary does not comply with schedule 2 or schedule 3, the voting shareholders must ensure that compliance is achieved as soon as possible.

The Legislative Assembly may approve a provision in the constitution of a territory-owned corporation or subsidiary that is inconsistent with this Act.

A provision in the constitution of a territory-owned corporation or subsidiary that—

is inconsistent with this Act; and

has not been approved by the Legislative Assembly;