3
In forceObjects
Part 1Preliminary
3 Objects
The objects of this Act are as follows—
(a)
to constitute AGL as a body corporate under the law of New South Wales with a modern corporate structure,
(b)
to authorise AGL, once incorporated, to apply to be registered as a public company limited by shares under the Corporations Act 2001 of the Commonwealth,
(c)
to amend the Gas Industry Restructuring Act 1986 to remove the 5% limit on shareholdings in AGL on its registration as a public company and, pending the removal of that limit, to strengthen the provisions relating to the enforcement of that limit.
This Act’s bill:Explanatory memorandumSecond reading speech
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