sec.112Meaning of community service obligations

### sec.112 Meaning of community service obligations The community service obligations of a GOC are obligations to perform activities that the GOC’s board establishes to the satisfaction of the shareholding Ministers— are not in the commercial interests of the GOC to perform; and arise because of a direction, notification or duty to which this section applies; and do not arise because of the application of the following key principles of corporatisation (and their elements)— Principle 3—Strict accountability for performance; Principle 4—Competitive neutrality. This section applies to the following directions, notifications and duties— a direction given to the GOC’s board under section 98 (Special procedures in relation to draft corporate plan); a direction given to the GOC’s board under section 101 (Modifications of corporate plan); a direction given to the GOC’s board under section 108 (Special procedures in relation to draft statement of corporate intent); a direction given to the GOC’s board under section 111 (Modifications of statement of corporate intent); a notification given to the GOC’s board under section 114 (Reserve power of shareholding Ministers to notify board of public sector policies); a direction given to the GOC’s board under section 115 (Reserve power of shareholding Ministers to give directions in public interest); a direction given to the GOC’s board under section 138 (Reserve power of shareholding Ministers to direct that asset not be disposed of); a statutory duty to perform activities (including any economic development activities or activities of a regulatory or policy formulation nature) that arise under an Act applying specifically to the GOC or GOCs generally. (sec.112-ssec.1) The community service obligations of a GOC are obligations to perform activities that the GOC’s board establishes to the satisfaction of the shareholding Ministers— are not in the commercial interests of the GOC to perform; and arise because of a direction, notification or duty to which this section applies; and do not arise because of the application of the following key principles of corporatisation (and their elements)— Principle 3—Strict accountability for performance; Principle 4—Competitive neutrality. (sec.112-ssec.2) This section applies to the following directions, notifications and duties— a direction given to the GOC’s board under section 98 (Special procedures in relation to draft corporate plan); a direction given to the GOC’s board under section 101 (Modifications of corporate plan); a direction given to the GOC’s board under section 108 (Special procedures in relation to draft statement of corporate intent); a direction given to the GOC’s board under section 111 (Modifications of statement of corporate intent); a notification given to the GOC’s board under section 114 (Reserve power of shareholding Ministers to notify board of public sector policies); a direction given to the GOC’s board under section 115 (Reserve power of shareholding Ministers to give directions in public interest); a direction given to the GOC’s board under section 138 (Reserve power of shareholding Ministers to direct that asset not be disposed of); a statutory duty to perform activities (including any economic development activities or activities of a regulatory or policy formulation nature) that arise under an Act applying specifically to the GOC or GOCs generally. - (a) are not in the commercial interests of the GOC to perform; and - (b) arise because of a direction, notification or duty to which this section applies; and - (c) do not arise because of the application of the following key principles of corporatisation (and their elements)— (i) Principle 3—Strict accountability for performance; (ii) Principle 4—Competitive neutrality. - (i) Principle 3—Strict accountability for performance; - (ii) Principle 4—Competitive neutrality. - (i) Principle 3—Strict accountability for performance; - (ii) Principle 4—Competitive neutrality. - (a) a direction given to the GOC’s board under section 98 (Special procedures in relation to draft corporate plan); - (b) a direction given to the GOC’s board under section 101 (Modifications of corporate plan); - (c) a direction given to the GOC’s board under section 108 (Special procedures in relation to draft statement of corporate intent); - (d) a direction given to the GOC’s board under section 111 (Modifications of statement of corporate intent); - (e) a notification given to the GOC’s board under section 114 (Reserve power of shareholding Ministers to notify board of public sector policies); - (f) a direction given to the GOC’s board under section 115 (Reserve power of shareholding Ministers to give directions in public interest); - (g) a direction given to the GOC’s board under section 138 (Reserve power of shareholding Ministers to direct that asset not be disposed of); - (h) a statutory duty to perform activities (including any economic development activities or activities of a regulatory or policy formulation nature) that arise under an Act applying specifically to the GOC or GOCs generally.