40ADefinitions

40A Definitions S. 40A def. of *company* substituted by No. 44/2001 s. 3(Sch. item 43.1). ***company*** means a company within the meaning of the Corporations Act that is taken to be registered in Victoria; ***eligible director*** means an officer of a State company or statutory authority; ***officer***, in relation to a statutory authority or State company, means director or member of the board of management of the authority or company or secretary, executive officer or person concerned in, or who takes part in, the management of the authority or company; ***State company*** means a company— (a) a majority of the shares in which are held by, or on behalf of, the State or a statutory authority; or (b) a majority of the directors of which is appointed by, or by a person acting on behalf of, the State or a statutory authority; ***statutory authority*** includes a State body within the meaning of the **State Owned Enterprises Act 1992**. S. 40B inserted by No. 110/1994 s. 43.