sec.123Application of Corporations Act to officers of GOC

### sec.123 Application of Corporations Act to officers of GOC In determining for the purposes of the Corporations Act the degree of care and diligence that a reasonable person in a like position in a GOC would exercise in the circumstances of the GOC concerned, regard must be had to— the application of this Act to the GOC; and relevant matters required or permitted to be done under this Act or another Act in relation to the GOC; including, for example— any relevant community service obligations of the GOC; and any relevant directions, notifications or approvals given to the GOC by the GOC’s shareholding Ministers. This section has effect despite the Corporations Act . s 123 amd 2001 No. 45 s 29 sch 3 ; 2006 No. 42 s 71 ; 2007 No. 10 s 62 sch (sec.123-ssec.1) In determining for the purposes of the Corporations Act the degree of care and diligence that a reasonable person in a like position in a GOC would exercise in the circumstances of the GOC concerned, regard must be had to— the application of this Act to the GOC; and relevant matters required or permitted to be done under this Act or another Act in relation to the GOC; including, for example— any relevant community service obligations of the GOC; and any relevant directions, notifications or approvals given to the GOC by the GOC’s shareholding Ministers. (sec.123-ssec.2) This section has effect despite the Corporations Act . - (a) the application of this Act to the GOC; and - (b) relevant matters required or permitted to be done under this Act or another Act in relation to the GOC; - (c) any relevant community service obligations of the GOC; and - (d) any relevant directions, notifications or approvals given to the GOC by the GOC’s shareholding Ministers.