Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 42
page 30
87. Registration of documents1
(1) In this section —2
relevant official means any of the following —3
(a) the Minister responsible for the administration4
of the Land Administration Act 1997;5
(b) the Registrar of Deeds and Transfers under the6
Registration of Deeds Act 1856;7
(c) the Commissioner of Titles under the Transfer8
of Land Act 1893;9
(d) any other person authorised by a written law to10
record and give effect to the registration of11
instruments or documents relating to12
transactions affecting any estate or interest in13
land or any other property.14
(2) The Minister must ensure that a copy of each of the15
following instruments is given to each relevant16
official —17
(a) a transfer order and any schedule for it;18
(b) any order made under section 82(9) amending a19
transfer order or any schedule for it;20
(c) any order made under section 88(1) correcting21
any error in a transfer order or any schedule for22
it;23
(d) any notice published under section 82(4) in24
respect of the transfer time in relation to a25
transfer order.26
(3) A relevant official must —27
(a) take notice of this Division, a transfer order and28
any other instrument relating to a transfer order29
that is referred to in subsection (2); and30
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 42
page 31
(b) record and register in the appropriate manner1
the instruments or documents necessary to2
show the effect of this Division and a transfer3
order.4
88. Correction of errors in transfer orders5
(1) The Minister may, by order published in the Gazette,6
make any provision that is necessary to correct any7
error in a transfer order or a schedule for a transfer8
order.9
(2) An order made under subsection (1) may be expressed10
to take effect on and after the transfer time.11
(3) To the extent that a provision of an order made under12
subsection (1) takes effect before the order is published13
in the Gazette, section 83 does not, as a result of that14
provision, operate so as to —15
(a) affect in a manner prejudicial to any person16
(other than the State, the transferor or17
transferee, or a Minister, officer or agency of18
the State) the rights of that person existing19
before publication; or20
(b) impose liabilities on any person (other than the21
State, the transferor or transferee, or a Minister,22
officer or agency of the State) in respect of23
anything done or omitted to be done before24
publication.25
89. Effect of this Division on existing rights and26
obligations27
The operation of this Division, including anything done28
or omitted to be done under or for the purposes of this29
Division, is not to be regarded as —30
(a) a breach of confidence or any other civil31
wrong; or32
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 42
page 32
(b) a breach of a contract or instrument, including1
(without limitation) a provision prohibiting,2
restricting or regulating the assignment or3
transfer of assets, rights or liabilities; or4
(c) requiring any act to be done under a contract or5
instrument; or6
(d) giving rise to a right or remedy of a party to a7
contract or instrument, or causing or permitting8
the termination of, or exercise of rights under, a9
contract or instrument; or10
(e) an event of default under a contract or11
instrument; or12
(f) causing a contract or instrument to be void or13
otherwise unenforceable; or14
(g) releasing, or allowing the release of, any surety15
or other obligee from the whole or part of an16
obligation.17
90. Authorised disclosure of information18
(1) This section applies to the following entities —19
(a) the Government;20
(b) Gold Corporation;21
(c) a statutory subsidiary;22
(d) a person acting on behalf of a body referred to23
in paragraphs (a) to (c).24
(2) If an entity discloses information or documents in good25
faith for the purpose of complying with or enabling the26
requirements of a transfer order —27
(a) no civil or criminal liability is incurred in28
respect of the disclosure; and29
(b) the disclosure is not to be regarded as a breach30
of any duty of confidentiality or secrecy31
imposed by law; and32
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 43
page 33
(c) the disclosure is not to be regarded as a breach1
of professional ethics or standards or as2
unprofessional conduct.3
(3) Subsection (2) does not extend to the manner in which4
a thing is done if it is done in a manner contrary to a5
duty to exercise reasonable care and diligence.6
7
43. Part 10 Division 3 inserted8
At the end of Part 10 insert:9
10
Division 3 — Other transitional provisions11
91. Terms used12
In this Division —13
amended, in relation to a provision of this Act, means14
that provision as in force immediately before being15
amended by the Gold Corporation Amendment16
Act 2025;17
repealed, in relation to a provision of this Act, means18
that provision as in force immediately before being19
repealed by the Gold Corporation Amendment20
Act 2025;21
transition day means the day on which the Gold22
Corporation Amendment Act 2025 section 11 comes23
into operation.24
92. Completion of things started before transition day25
Anything started by a person under or for the purposes26
of an amended or a repealed provision of this Act27
before transition day may, if there is a provision of the28
GTE Act that corresponds to the amended or repealed29
provision of this Act in relation to that thing, be30
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 43
page 34
continued by the person on and after transition day1
under the provision of the GTE Act.2
93. Continuing effect of things done before transition3
day4
(1) This section applies to an act, matter or thing done by a5
person under or for the purposes of an amended or a6
repealed provision of this Act before transition day, to7
the extent to which that act, matter or thing has any8
force or significance on and after transition day.9
(2) If there is a provision of the GTE Act that corresponds10
to the amended or repealed provision in relation to the11
act, matter or thing then, on and after transition day the12
act, matter or thing is taken to have been done by the13
person under or for the purposes of the provision of the14
GTE Act.15
94. Board of directors16
(1) A person holding office as a member of the Board of17
directors of Gold Corporation (the existing18
appointment) immediately before transition day19
becomes a member of Gold Corporation’s board under20
the GTE Act on transition day.21
(2) Despite the GTE Act section 17, the person holds22
office as a member of Gold Corporation’s board —23
(a) on the terms and conditions of their existing24
appointment; and25
(b) for the remainder of the term of their existing26
appointment.27
(3) Subsection (2) does not prevent —28
(a) the person from resigning from or being29
removed from office, or their office becoming30
vacant, under the GTE Act section 21; or31
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 43
page 35
(b) the remuneration of the person being1
determined in accordance with the GTE Act2
sections 18 and 19.3
(4) Despite subsection (1), an officer of the Treasury4
authorised under repealed section 5(5) and holding5
office as a member of the Board of directors of Gold6
Corporation immediately before transition day ceases7
to hold that office at the start of transition day.8
(5) No compensation is payable because of subsection (4).9
(6) The authorisation of an officer of the Treasury to10
perform a function as a delegate under repealed11
section 5(5) ends at the start of transition day.12
95. Chief executive officer of Gold Corporation13
(1) A person holding the office of chief executive officer14
of Gold Corporation under repealed section 715
immediately before transition day (the existing16
appointment) continues as Gold Corporation’s chief17
executive officer from transition day.18
(2) Despite the GTE Act section 37, the person holds19
office as Gold Corporation’s chief executive officer —20
(a) on the terms and conditions of their existing21
appointment; and22
(b) for the remainder of the term of their existing23
appointment.24
(3) Subsection (2) does not prevent —25
(a) the person from resigning from office under the26
GTE Act section 40(1); or27
(b) the person being removed from office under28
their terms and conditions of appointment; or29
(c) the remuneration of the person being dealt with30
in accordance with the GTE Act section 39.31
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 43
page 36
96. Deputy chief executive officer of Gold Corporation1
(1) A person holding the office of deputy chief executive2
officer of Gold Corporation under repealed section 73
immediately before transition day (the existing4
appointment) continues as Gold Corporation’s deputy5
chief executive officer from transition day.6
(2) The person holds office as Gold Corporation’s deputy7
chief executive officer —8
(a) on the terms and conditions of their existing9
appointment; and10
(b) for the remainder of the term of their existing11
appointment.12
(3) Subsection (2) does not prevent —13
(a) the person resigning from office under the GTE14
Act section 40(1); or15
(b) the person being removed from office under16
their terms and conditions of appointment.17
(4) The remuneration of the person may be dealt with in18
accordance with the GTE Act section 39.19
(5) For the purposes of subsection (3)(a) and (4), the GTE20
Act sections 39 and 40 apply to the person as if a21
reference in those sections to chief executive officer22
were a reference to deputy chief executive officer.23
(6) If the chief executive officer is prevented by illness or24
absence from performing their duties or there is a25
vacancy in the office of chief executive officer, the26
deputy chief executive officer must perform those27
duties and may exercise the powers of the chief28
executive officer.29
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 43
page 37
97. Indemnities, exemptions and insurance for certain1
liabilities of directors and others2
(1) This section applies to any of the following agreements3
and contracts, if it was in effect immediately before4
transition day and it would be partly or wholly void5
under the GTE Act section 68 but for this section —6
(a) an agreement to exempt a person from or7
indemnify a person against a liability;8
(b) an agreement to pay a premium for a contract9
of insurance against a liability;10
(c) a contract of insurance against a liability.11
(2) Despite the GTE Act sections 66, 67 and 68, the12
agreement or contract is not void to the extent that the13
agreement or contract was not prohibited by this Act as14
in force before transition day.15
98. Statement of expectations16
(1) For the purposes of the GTE Act Part 6 Division 2 and17
despite the GTE Act section 69(2), the first statement18
period for Gold Corporation begins on transition day.19
(2) Gold Corporation’s strategic development plan in20
effect under this Act immediately before transition day21
has effect, to the extent practicable, as Gold22
Corporation’s statement of expectations for the first23
statement period until the day on which a statement of24
expectations is adopted for the first statement period25
under the GTE Act section 72.26
99. Annual performance statement27
The GTE Act Part 6 Division 3 does not apply in28
relation to Gold Corporation until the end of the budget29
year in which transition day falls.30
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 43
page 38
100. Dividends1
Despite the repeal of section 21, a dividend that2
became payable under that section and remains unpaid3
on transition day continues to be payable as if it had4
become payable under the GTE Act section 140.5
101. Local government rates6
(1) Despite the repeal of section 4(7) and (8), a sum or7
amount that became payable by Gold Corporation8
under repealed section 4(7) and (8) and remains unpaid9
on transition day continues to be payable as if it had10
become payable by Gold Corporation under the GTE11
Act section 151.12
(2) Despite the repeal of section 35, a sum or amount that13
became payable by the Mint under repealed14
section 35(7a) and remains unpaid on transition day15
continues to be payable under the repealed section.16
(3) Despite the repeal of section 48, a sum or amount that17
became payable by GoldCorp under repealed18
section 48(7) and remains unpaid on transition day19
continues to be payable under the repealed section.20
102. Capital of Gold Corporation21
On transition day all shares of Gold Corporation issued22
under repealed section 15 or 16 are cancelled and all23
rights attached to the shares are extinguished.24
103. Existing subsidiaries of Gold Corporation25
The GTE Act Part 7 Division 6 does not apply to a26
subsidiary of Gold Corporation in existence27
immediately before transition day.28
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 43
page 39
104. Winding up Mint1
(1) On the day this section comes into operation —2
(a) the Mint is abolished; and3
(b) any arrangement under section 69 for the use of4
the services or facilities by the Mint ends.5
(2) No compensation is payable because of subsection (1).6
(3) Subsection (4) applies if —7
(a) money payable to the Mint remains unpaid after8
it is abolished; or9
(b) money becomes payable to the Mint after it is10
abolished.11
(4) The money is payable to Gold Corporation and may be12
recovered by Gold Corporation as a debt in a court of13
competent jurisdiction.14
105. Winding up GoldCorp15
(1) On the day this section comes into operation —16
(a) GoldCorp is abolished; and17
(b) any arrangement under section 69 for the use of18
the services or facilities by GoldCorp ends.19
(2) No compensation is payable because of subsection (1).20
(3) Subsection (4) applies if —21
(a) money payable to GoldCorp remains unpaid22
after it is abolished; or23
(b) money becomes payable to GoldCorp after it is24
abolished.25
(4) The money is payable to Gold Corporation and may be26
recovered by Gold Corporation as a debt in a court of27
competent jurisdiction.28
29
Gold Corporation Amendment Bill 2025
Part 2 Gold Corporation Act 1987 amended
s. 44
page 40
44. Schedules 1 and 2 deleted1
Delete Schedules 1 and 2.2
45. Various references to “Board” amended3
In the provisions listed in the Table delete “Board” (each4
occurrence) and insert:5
6
board7
8
Table9
s. 10(3) s. 23(1)
s. 38 s. 43(2)
s. 46(1) s. 68(1), (3) and (5)
s. 69(1) s. 75(1), (2), (5), (6) and (7)
46. Various references to “shall” amended10
Amend the provisions listed in the Table as set out in the Table.11
Table12
Provision Delete Insert
s. 4(5) shall be
shall pay
is
must pay
Gold Corporation Amendment Bill 2025
Gold Corporation Act 1987 amended Part 2
s. 46
page 41
Provision Delete Insert
s. 22(4) and (5)
s. 46(2)
s. 47(3) and (6)
s. 69(2)
s. 75(1) and (6)
shall (each
occurrence)
must
s. 47(5) shall be read
shall be taken (each
occurrence)
must be read
is taken
s. 55(2) shall be paid
shall be taken
must be paid
are to be taken
s. 67(1)(b) shall be taken is taken
s. 67(1)(c) shall not be is not
s. 75(5) shall cause
shall not be
must cause
is not to be
Gold Corporation Amendment Bill 2025
Part 3 Repeal
s. 47
page 42
Part 3 — Repeal1
47. Gold Corporation (Policy Instruments) Regulations 20092
repealed3
The Gold Corporation (Policy Instruments) Regulations 20094
are repealed.5
Gold Corporation Amendment Bill 2025
Freedom of Information Act 1992 amended Part 4
s. 48
page 43
Part 4 — Freedom of Information Act 1992 amended1
48. Act amended2
This Part amends the Freedom of Information Act 1992.3
49. Schedule 1 clause 15 amended4
In Schedule 1 clause 15(2) in the definition of Gold5
Corporation delete “subsidiary of Gold Corporation within the6
meaning of that Act.” and insert:7
8
subsidiary (as defined in the Government Trading Enterprises9
Act 2023 section 4(1)) of Gold Corporation.10
11
Gold Corporation Amendment Bill 2025
Part 5 Government Trading Enterprises Act 2023 amended
s. 50
page 44
Part 5 — Government Trading Enterprises Act 20231
amended2
50. Act amended3
This Part amends the Government Trading Enterprises4
Act 2023.5
51. Section 3 amended6
In section 3(1) in the definition of GTE after paragraph (a)7
insert:8
9
(aaa) the Gold Corporation Act 1987 section 4;10
11
Gold Corporation Amendment Bill 2025
Procurement Act 2020 amended Part 6
s. 52
page 45
Part 6 — Procurement Act 2020 amended1
52. Act amended2
This Part amends the Procurement Act 2020.3
53. Section 5 amended4
After section 5(2)(a)(i) insert:5
6
(ia) the Gold Corporation Act 1987 section 4;7
8
Gold Corporation Amendment Bill 2025
Part 7 Public Sector Management Act 1994 amended
s. 54
page 46
Part 7 — Public Sector Management Act 1994 amended1
54. Act amended2
This Part amends the Public Sector Management Act 1994.3
55. Schedule 1 amended4
Delete Schedule 1 item 11 and insert:5
6
11 Gold Corporation established under the Gold Corporation
Act 1987
7