46—1 page i
Western Australia
Gold Corporation Amendment Bill 2025
Contents
Part 1 — Preliminary
Short title 2
Commencement 2
Part 2 — Gold Corporation Act 1987
amended
Act amended 3
Long title amended 3
Section 3 amended 3
Section 3A inserted 4
3A. Relationship to GTE Act 4
Section 4 amended 4
Sections 5 to 8 deleted 5
Section 9 replaced 5
Delegation by Gold Corporation 5
Sections 9A to 9C deleted 6
Section 10 amended 6
Section 11 amended 7
Part IV heading replaced 8
Part 4 — Financial and security provisions of Gold
Corporation
Sections 15 and 16 deleted 8
Section 18 deleted 9
Section 21 deleted 9
Section 22 amended 9
Section 23 amended 9
Part VI heading and Part VI Division 1 heading
deleted 9
Sections 35 to 37 deleted 10
Gold Corporation Amendment Bill 2025
Contents
page ii
21. Section 38 amended 10
22. Sections 39 to 41 deleted 10
23. Part VI Division 2 heading deleted 10
24. Section 42 deleted 10
25. Section 43 amended 10
26. Section 44 deleted 11
27. Part VI Division 3 heading deleted 11
28. Section 45 deleted 11
29. Section 46 amended 11
30. Section 47 amended 12
31. Part VII replaced 14
Part 7 — Matters affecting application of GTE Act
48. Gold related transactions not disposal of
significant asset or significant transaction
under GTE Act 14
49. Lease or loan of gold not financial
accommodation under GTE Act 14
50. Treasurer’s GTE instructions under GTE
Act 14
51. Regulations concerning financial
administration and audit under GTE Act 15
32. Section 54 replaced 15
54. Application of Financial Management
Act 2006 and Auditor General Act 2006 15
33. Section 55 amended 15
34. Section 56 inserted 16
56. Deletion of commercially sensitive
information from copies of annual reports 16
35. Section 67 amended 17
36. Section 68 amended 19
37. Section 70 amended 19
38. Sections 71 to 73 deleted 19
39. Section 74 amended 19
40. Section 77 amended 21
41. Section 78 deleted 21
42. Part 10 inserted 22
Part 10 — Transitional provisions for Gold
Corporation Amendment Act 2025
Division 1 — Preliminary
79. Terms used 22
80. Transitional regulations 22
Gold Corporation Amendment Bill 2025
Contents
page iii
Division 2 — Transfer orders
81. Terms used 24
82. Minister may make transfer orders 24
83. Consequences of transfer orders 26
84. Completion of transactions for this
Division 28
85. Effect of arrangements internal to
transferors 28
86. Delivery and access to records 29
87. Registration of documents 30
88. Correction of errors in transfer orders 31
89. Effect of this Division on existing rights
and obligations 31
90. Authorised disclosure of information 32
43. Part 10 Division 3 inserted 33
Division 3 — Other transitional provisions
91. Terms used 33
92. Completion of things started before
transition day 33
93. Continuing effect of things done before
transition day 34
94. Board of directors 34
95. Chief executive officer of Gold Corporation 35
96. Deputy chief executive officer of Gold
Corporation 36
97. Indemnities, exemptions and insurance for
certain liabilities of directors and others 37
98. Statement of expectations 37
99. Annual performance statement 37
100. Dividends 38
101. Local government rates 38
102. Capital of Gold Corporation 38
103. Existing subsidiaries of Gold Corporation 38
104. Winding up Mint 39
105. Winding up GoldCorp 39
44. Schedules 1 and 2 deleted 40
45. Various references to “Board” amended 40
46. Various references to “shall” amended 40
Part 3 — Repeal
47. Gold Corporation (Policy Instruments)
Regulations 2009 repealed 42
Gold Corporation Amendment Bill 2025
Contents
page iv
Part 4 — Freedom of Information
Act 1992 amended
48. Act amended 43
49. Schedule 1 clause 15 amended 43
Part 5 — Government Trading
Enterprises Act 2023 amended
50. Act amended 44
51. Section 3 amended 44
Part 6 — Procurement Act 2020
amended
52. Act amended 45
53. Section 5 amended 45
Part 7 — Public Sector Management
Act 1994 amended
54. Act amended 46
55. Schedule 1 amended 46
Part 8 — Salaries and Allowances
Act 1975 amended
56. Act amended 47
57. Section 12AA inserted 47
12AA. Transitional provisions for Gold
Corporation Amendment Act 2025 47
58. Schedule 2 amended 47
Part 9 — Western Australian Jobs
Act 2017 amended
59. Act amended 48
60. Section 3 amended 48
page 1
Western Australia
LEGISLATIVE ASSEMBLY
Gold Corporation Amendment Bill 2025
A Bill for
An Act to amend the Gold Corporation Act 1987 and to make related
and consequential amendments to other Acts.
The Parliament of Western Australia enacts as follows:
Gold Corporation Amendment Bill 2025
Part 1 Preliminary
s. 1
page 2
Part 1 — Preliminary1
Short title2
This is the Gold Corporation Amendment Act 2025.3
Commencement4
This Act comes into operation as follows —5
(a) Part 1 — on the day on which this Act receives the6
Royal Assent (assent day);7
(b) Part 2 (but only sections 3 and 42) — on the day after8
assent day;9
(c) the rest of the Act — on a day fixed by proclamation,10
and different days may be fixed for different provisions.11
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 3
page 3
Part 2 — Gold Corporation Act 1987 amended1
3. Act amended2
This Part amends the Gold Corporation Act 1987.3
4. Long title amended4
In the long title delete “to preserve and continue the Western5
Australian Mint and constitute GoldCorp Australia as6
subsidiaries of Gold Corporation and provide for their7
functions and the conduct of their businesses, to repeal the8
Western Australian Mint Act 1970”.9
5. Section 3 amended10
(1) In section 3(1) delete the definitions of:11
Board12
chief executive officer13
Corporations Act14
deputy chief executive officer15
director16
Gold Bank17
GoldCorp18
Mint19
repealed Act20
statutory authority21
subsidiary22
The Director of The Perth Mint23
Treasurer24
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 6
page 4
(2) In section 3(1) insert in alphabetical order:1
2
GTE Act means the Government Trading Enterprises3
Act 2023;4
5
(3) Delete section 3(3).6
Note: The heading to amended section 3 is to read:7
Terms used8
6. Section 3A inserted9
At the end of Part I insert:10
11
3A. Relationship to GTE Act12
(1) The GTE Act is to be read with this Act as if they13
formed a single Act.14
(2) However, the GTE Act sections 81, 83, 84, 85, 91, 12615
to 131, 135, 136, 137, 144, 145 and 147 do not apply in16
relation to this Act or Gold Corporation.17
18
7. Section 4 amended19
(1) Delete section 4(4) and insert:20
21
(4) Gold Corporation may use, and operate any of its22
business under, the name of “The Perth Mint” or 1 or23
more trading names approved by the Minister.24
(4A) A trading name may be —25
(a) an abbreviation or adaptation of Gold26
Corporation; or27
(b) any other name.28
29
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 8
page 5
(2) In section 4(5) delete “(subject to section 16(9)),”.1
(3) Delete section 4(6), (7) and (8).2
8. Sections 5 to 8 deleted3
Delete sections 5 to 8.4
9. Section 9 replaced5
Delete section 9 and insert:6
7
9. Delegation by Gold Corporation8
(1) Gold Corporation may delegate to any of the following9
a power or duty of Gold Corporation under another10
provision of this Act —11
(a) a director or directors;12
(b) the chief executive officer;13
(c) a member of staff;14
(d) a committee established under the GTE Act15
section 26(1);16
(e) any other person.17
(2) The delegation must be in writing executed by Gold18
Corporation.19
(3) The delegation may expressly authorise the delegate to20
further delegate the power or duty.21
(4) A person exercising or performing a power or duty that22
has been delegated to the person as authorised under23
this section is taken to do so in accordance with the24
terms of the delegation unless the contrary is shown.25
(5) Nothing in this section limits the ability of Gold26
Corporation to perform a function through an officer or27
agent.28
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 10
page 6
(6) This section does not apply to the execution of1
documents.2
Note for this subsection:3
Authority to execute documents on behalf of Gold4
Corporation can be given under the GTE Act5
section 156(4).6
7
10. Sections 9A to 9C deleted8
Delete sections 9A to 9C.9
11. Section 10 amended10
In section 10(1):11
(a) delete paragraph (e) and insert:12
13
(e) to crush, mill, recover, extract, process, smelt,14
sample, refine, assay and work gold and its15
ores, dore and alloys;16
17
(b) in paragraph (f) delete “elsewhere;” and insert:18
19
elsewhere, to the extent necessary for carrying out the20
other functions stated in this subsection;21
22
(c) delete paragraph (h);23
(d) in paragraph (i) delete “export”;24
(e) delete paragraph (j);25
(f) delete paragraph (m) and insert:26
27
(m) to establish and maintain the qualifications,28
skills and accreditations necessary for carrying29
out the other functions stated in this subsection;30
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 12
page 7
(n) to carry on activities related to the management1
of a battery formerly operated by the State2
which is, pursuant to a management order3
under the Land Administration Act 1997, under4
the management of Gold Corporation but only5
until the battery is no longer under the6
management of Gold Corporation;7
(o) to do things that its board determines to be8
conducive or incidental to the performance of9
any other function stated in this subsection;10
(p) to do things that it is authorised to do by any11
other written law.12
13
12. Section 11 amended14
(1) In section 11(2):15
(a) delete paragraph (g)(iii);16
(b) after paragraph (g) insert:17
18
(ga) acquire, hold or dispose of real and personal19
property;20
(gb) appoint agents and distributors in Australia and21
elsewhere for the purposes of marketing22
internationally things containing or associated23
with gold;24
25
(2) Delete section 11(3) and (4) and insert:26
27
(3) The Treasurer may from time to time impose limits or28
other restrictions on —29
(a) the physical quantity of gold that Gold30
Corporation may borrow or lease; or31
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 13
page 8
(b) the monetary value of currency, or of any1
liability related to currency, that Gold2
Corporation may borrow or incur.3
(4) After consultation with the Minister, the Treasurer may4
from time to time impose limits or other restrictions on5
transactions that —6
(a) are entered into by Gold Corporation for the7
purpose of exercising a power mentioned in8
section 11(2)(a), (b), (c) or (d); and9
(b) would, apart from section 48, be the disposal of10
a significant asset as defined in the GTE Act11
section 95 or a significant transaction as12
defined in the GTE Act section 100.13
(5) For the purpose of determining limits or restrictions14
imposed under subsection (3) or (4), the board must15
inform the Treasurer of its recommendations as to the16
requirements of Gold Corporation at least once in each17
financial year and at the other times as the Treasurer18
may require.19
20
13. Part IV heading replaced21
Delete the heading to Part IV and insert:22
23
Part 4 — Financial and security provisions of24
Gold Corporation25
26
14. Sections 15 and 16 deleted27
Delete sections 15 and 16.28
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 15
page 9
15. Section 18 deleted1
Delete section 18.2
16. Section 21 deleted3
Delete section 21.4
17. Section 22 amended5
(1) In section 22(1)(a), (2) and (3) delete “Corporation, the Mint or6
GoldCorp” and insert:7
8
Corporation9
10
(2) In section 22(4):11
(a) in paragraph (b) delete “and its subsidiaries are jointly12
and severally” and insert:13
14
are15
16
(b) delete “and the subsidiaries”.17
(3) Delete section 22(6).18
18. Section 23 amended19
In section 23(1) delete “by, as the case requires, Gold20
Corporation, the Mint or GoldCorp” and insert:21
22
by Gold Corporation23
24
19. Part VI heading and Part VI Division 1 heading deleted25
Delete the heading to Part VI and the heading to Part VI26
Division 1.27
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 20
page 10
20. Sections 35 to 37 deleted1
Delete sections 35 to 37.2
21. Section 38 amended3
In section 38 delete “The Mint may utilize” and insert:4
5
Gold Corporation may utilise6
7
22. Sections 39 to 41 deleted8
Delete sections 39 to 41.9
23. Part VI Division 2 heading deleted10
Delete the heading to Part VI Division 2.11
24. Section 42 deleted12
Delete section 42.13
25. Section 43 amended14
(1) In section 43(1):15
(a) delete “rendered or materials supplied by The Director16
of The Perth Mint or the Mint” and insert:17
18
rendered, or materials or products supplied, by Gold19
Corporation20
21
(b) delete “by the Mint” and insert:22
23
by Gold Corporation24
25
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 26
page 11
(2) In section 43(2) delete “the Mint after the coming into operation1
of this Part” and insert:2
3
Gold Corporation4
5
26. Section 44 deleted6
Delete section 44.7
27. Part VI Division 3 heading deleted8
Delete the heading to Part VI Division 3.9
28. Section 45 deleted10
Delete section 45.11
29. Section 46 amended12
(1) In section 46(1):13
(a) delete “the Mint or”;14
(b) delete “the Mint,” and insert:15
16
Gold Corporation,17
18
(c) delete “in the Mint” and insert:19
20
at premises owned, operated or controlled by Gold21
Corporation22
23
(2) In section 46(3) delete “in the Mint” and insert:24
25
at premises owned, operated or controlled by Gold Corporation26
27
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 30
page 12
30. Section 47 amended1
(1) In section 47(1):2
(a) delete “the Mint — ” and insert:3
4
Gold Corporation —5
6
(b) in paragraphs (a), (b) and (c) delete “the Mint,” and7
insert:8
9
Gold Corporation,10
11
(c) in paragraph (d) delete “the Mint” and insert:12
13
Gold Corporation14
15
(d) in paragraph (d) delete “the Mint,” and insert:16
17
Gold Corporation,18
19
(2) In section 47(2):20
(a) delete “the Mint,” (1st occurrence) and insert:21
22
Gold Corporation,23
24
(b) delete “the Mint” and insert:25
26
Gold Corporation27
28
(c) delete “the Mint,” (2nd occurrence) and insert:29
30
Gold Corporation,31
32
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 30
page 13
(3) In section 47(3):1
(a) delete “the Mint” and insert:2
3
Gold Corporation4
5
(b) delete “the Mint,” and insert:6
7
Gold Corporation,8
9
(4) In section 47(5):10
(a) in paragraph (a) delete “the Mint” and insert:11
12
Gold Corporation13
14
(b) in paragraph (a) delete “the Mint;” and insert:15
16
Gold Corporation;17
18
(c) in paragraph (f) delete “the Mint includes” and insert:19
20
Gold Corporation includes21
22
(d) in paragraph (f) delete “the Mint in relation to any23
function of the Mint,” and insert:24
25
Gold Corporation in relation to any function of Gold26
Corporation,27
28
Note: The heading to amended section 47 is to read:29
Protection of Gold Corporation name and symbols30
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 31
page 14
31. Part VII replaced1
Delete Part VII and insert:2
3
Part 7 — Matters affecting application of4
GTE Act5
48. Gold related transactions not disposal of significant6
asset or significant transaction under GTE Act7
(1) In this section —8
gold related transaction means a transaction entered9
into by Gold Corporation for the purpose of exercising10
a power mentioned in section 11(2)(a), (b), (c) or (d).11
(2) The GTE Act Part 7 Division 3 Subdivision 2 does not12
apply in relation to a gold related transaction.13
(3) The GTE Act Part 7 Division 3 Subdivision 3 does not14
apply in relation to a gold related transaction.15
49. Lease or loan of gold not financial accommodation16
under GTE Act17
The GTE Act section 132 does not apply in relation to18
a lease or loan of gold by Gold Corporation.19
50. Treasurer’s GTE instructions under GTE Act20
A Treasurer’s instruction applying to Gold Corporation21
under the Financial Management Act 2006 section 7822
prevails to the extent of any inconsistency with a23
Treasurer’s GTE instruction applying to Gold24
Corporation under the GTE Act section 148.25
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 32
page 15
51. Regulations concerning financial administration1
and audit under GTE Act2
The Financial Management Act 2006 prevails to the3
extent of any inconsistency with a regulation made4
under the GTE Act section 149.5
6
32. Section 54 replaced7
Delete section 54 and insert:8
9
54. Application of Financial Management Act 2006 and10
Auditor General Act 200611
The provisions of the Financial Management Act 200612
and the Auditor General Act 2006 regulating the13
financial administration, audit and reporting of14
statutory authorities and their subsidiaries apply to and15
in respect of Gold Corporation and its operations.16
17
33. Section 55 amended18
In section 55(1):19
(a) delete “Gold Corporation, the Mint and GoldCorp” and20
insert:21
22
Gold Corporation23
24
(b) in paragraph (b) delete “their respective” and insert:25
26
its27
28