{"id":"public-corporations-general-regulations-2023","name":"Public Corporations (General) Regulations 2023","slug":"public-corporations-general-regulations-2023","collection":"regulation","jurisdiction":"sa","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":236803,"registerId":"sa-public-corporations-general-regulations-2023-current","compilationNumber":null,"startDate":"2026-04-06","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Public Corporations (General) Regulations 2023","content":"South Australia\nPublic Corporations (General) Regulations 2023\nunder the Public Corporations Act 1993\n\nContents\n1\tShort title\n2\tCommencement\n3\tInterpretation\n4\tDisclosure of pecuniary interests\nSchedule 1—Repeal of Public Corporations (General) Regulations 2008\nLegislative history\n\n1—Short title\nThese regulations may be cited as the Public Corporations (General) Regulations 2023.\n2—Commencement\nThese regulations come into operation on the day on which they are made.\n3—Interpretation\nIn these regulations—\nAct means the Public Corporations Act 1993.\n4—Disclosure of pecuniary interests\n\t(1)\tThe table below specifies—\n\t(a)\tthe pecuniary interests to be disclosed by the following persons:\n\t(i)\ta senior executive of a public corporation for the purposes of section 36B of the Act;\n\t(ii)\ta senior executive of a subsidiary for the purposes of clause 14B of the Schedule to the Act; and\n\t(b)\tthe information that must be disclosed by the senior executive in respect of any such pecuniary interest.\n\n\nPecuniary interest\nInformation required\n1\nA contract of service, office, trade, vocation, business or profession in respect of which the person receives or is entitled to receive any remuneration, fee or other pecuniary sum (not being payable under the Act)\nA description of the contract, office, trade, vocation, business or profession and the amount and source of the remuneration, fee or other pecuniary sum.\n2\nAn office held by the person (whether as a director or otherwise) in a company or other body (whether or not incorporated) in respect of which the person received or is entitled to receive any remuneration, fee or other pecuniary sum\nThe name and address of the company or other body and the amount of the remuneration, fee or other pecuniary sum.\n3\nA company, partnership, association or other body in which the person is an investor\nThe name and address or description of the company, partnership, association or other body.\n4\nLand in which the person has a beneficial interest (other than by way of security for a debt)\nThe address or description of the land.\n5\nA trust (other than a testamentary trust) of which the person is a beneficiary or trustee\nA description of the trust and the name and address of each trustee.\n6\nAny other pecuniary interest of the person of a kind determined by the Minister\nThe information required by the Minister to be disclosed in respect of that pecuniary interest.\n\t(2)\tFor the purposes of this regulation—\n\t(a)\ta reference to a beneficial interest in land includes a reference to a right to reacquire land;\n\t(b)\ta person who is an object of a discretionary trust is to be taken to be a beneficiary of that trust;\n\t(c)\ta person is an investor in a body if—\n\t(i)\tthe person has deposited money with, or lent money to, the body that has not been repaid and the amount not repaid equals or exceeds $10 000; or\n\t(ii)\tthe person holds, or has a beneficial interest in, shares in, or debentures of, the body or a policy of life insurance issued by the body.\nSchedule 1—Repeal of Public Corporations (General) Regulations 2008\nThe Public Corporations (General) Regulations 2008 are repealed.\nLegislative history\nNotes\n\t•\tFor further information relating to the Act and subordinate legislation made under the Act see the Index of South Australian Statutes or www.legislation.sa.gov.au.\nPrincipal regulations\nYear\nNo\nReference\nCommencement\n2023\n90\nGazette 16.8.2023 p3004 \n16.8.2023: r 2\n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The legislation maintains its original narrow purpose: prescribing disclosure requirements for pecuniary interests of senior executives in public corporations. The 2023 version appears to be a straightforward re-enactment/replacement of the 2008 regulations with substantially similar scope, rather than an expansion into new areas."},"complexity_factors":["Very short document (approximately 1.5 pages of substantive content)","Only 4 regulations total, with 1 being purely administrative (short title)","Single substantive obligation (disclosure table) with straightforward tabular format","Minimal defined terms (only 'Act' defined in interpretation section)","Simple conditional logic limited to sub-regulation (2) clarifying three specific definitions","No cross-references to other legislation beyond the parent Act","No nested exceptions or complex temporal provisions"],"plain_english_summary":"**What this does:**\n\nThese regulations set out the rules for **disclosure of financial interests** by senior executives working in South Australian public corporations (government-owned businesses) and their subsidiaries.\n\n**Who it affects:**\n\n- **Senior executives** of public corporations (like SA Water, Renewal SA, etc.)\n- **Senior executives** of subsidiary companies owned by those public corporations\n- These people must declare their outside financial interests to avoid conflicts of interest\n\n**What must be disclosed:**\n\nSenior executives must report:\n- **Paid work outside their public corporation job** — describing the work and how much they're paid\n- **Company directorships or offices** that pay them money — naming the company and the amount\n- **Investments** in companies, partnerships or associations — naming the entity (if they have $10,000+ invested, or hold shares, debentures, or life insurance policies)\n- **Property interests** — describing land they own (not just mortgaged property)\n- **Trust interests** — describing any trusts where they're a beneficiary or trustee (excluding wills), and naming the other trustees\n- **Anything else** the Minister specifically asks for\n\n**Why it matters:**\n\nThis is an **anti-corruption and transparency measure**. It ensures that executives running government businesses can't secretly profit from decisions they make. The rules prevent situations where, for example, a water utility executive might award contracts to a company they secretly own shares in.\n\nThe regulations also **repeal (cancel) the old 2008 version** of these rules, replacing them with this updated 2023 version."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"The regulations repeal the Public Corporations (General) Regulations 2008 (Schedule 1) and replace them with a focused set of disclosure rules for senior executives under the Public Corporations Act (reg 4). The instrument narrows its operative content to specified categories of pecuniary interests and the precise information to be disclosed, while preserving ministerial power to add other interests or disclosure requirements (reg 4(1)(b)(ii); reg 4(2)(c))."},"complexity_factors":["Short instrument with a single substantive regulation (reg 4) and a repeal (Schedule 1)","Core requirement presented as a clear table mapping six interest types to specific disclosure items","Limited interpretive definitions that slightly extend scope (beneficial interest includes right to reacquire land (reg 4(2)(a)); discretionary trust objects treated as beneficiaries (reg 4(2)(b)))","Numeric threshold and tests for 'investor' status introduce modest quantification and verification (reg 4(2)(c)(i)-(ii))","Ministerial discretion to determine 'any other' pecuniary interest and required information creates some open-ended compliance scope (reg 4(1)(b)(ii); reg 4(2)(c))"],"plain_english_summary":"These regulations require senior executives of public corporations and their subsidiaries to disclose specified pecuniary interests and set out the exact information to be provided (reg 4(1)). They list six categories of interests (contracts, offices, investments, land, trusts, and Minister‑determined interests) and the data required for each. The compliance burden falls on the senior executives who must describe amounts, sources and locations; the Minister may add further interest types or information to be disclosed (reg 4(1)(b)(ii); reg 4(2)(c))."},"issue_detection":{"absurdities":[],"contradictions":[]},"summary":{"complexity_score":1,"scope_assessment":{"changed":false,"description":"Scope cannot be assessed as the legislative text was not available for analysis. The title suggests a general regulatory instrument for public corporations in South Australia, but no comparison between original intent and final provisions is possible without access to the document."},"complexity_factors":["No legislative text was retrievable — the source URL returned a 404 Page Not Found error","Complexity cannot be meaningfully assessed without the actual content of the regulations","Score of 1 reflects absence of analysable material, not simplicity of the underlying law"],"plain_english_summary":"These regulations set baseline operational rules for South Australian government-owned corporations—covering governance, financial reporting, accountability, board conduct and ministerial oversight—to ensure consistent standards across state-owned enterprises.\n\nThey affect boards, executives, relevant ministers, employees, and external parties (contractors, auditors, the public). The full text is needed for legal detail; obtain it from legislation.sa.gov.au before relying on specific duties or compliance obligations."}},"importantCases":[],"_links":{"self":"/api/acts/public-corporations-general-regulations-2023","history":"/api/acts/public-corporations-general-regulations-2023/history","analysis":"/api/acts/public-corporations-general-regulations-2023/analysis","conflicts":"/api/acts/public-corporations-general-regulations-2023/conflicts","importantCases":"/api/acts/public-corporations-general-regulations-2023/important-cases","documents":"/api/acts/public-corporations-general-regulations-2023/documents"}}