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Government Owned Corporations Act 1993
sec.31Responsible Ministers not directors etc.
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### sec.31 Responsible Ministers not directors etc.
The responsible Ministers of a candidate GOC are not to be treated as directors of the candidate GOC or any subsidiary or proposed subsidiary of the candidate GOC.
The responsible Ministers of a candidate GOC associate are not to be treated as directors of the associate or any subsidiary of the associate.
A Minister does not incur civil liability for an act or omission done or omitted to be done honestly and without negligence under, or for the purposes of, this Act in relation to a government entity that is to become a GOC or GOC subsidiary.
A liability that would, apart from subsection (3) , attach to a Minister attaches instead to the State.
This section has effect despite the Corporations Act .
s 31 amd 1994 No. 31 s 16 sch 3 ; 2001 No. 45 s 29 sch 3
(sec.31-ssec.1) The responsible Ministers of a candidate GOC are not to be treated as directors of the candidate GOC or any subsidiary or proposed subsidiary of the candidate GOC.
(sec.31-ssec.2) The responsible Ministers of a candidate GOC associate are not to be treated as directors of the associate or any subsidiary of the associate.
(sec.31-ssec.3) A Minister does not incur civil liability for an act or omission done or omitted to be done honestly and without negligence under, or for the purposes of, this Act in relation to a government entity that is to become a GOC or GOC subsidiary.
(sec.31-ssec.4) A liability that would, apart from subsection (3) , attach to a Minister attaches instead to the State.
(sec.31-ssec.5) This section has effect despite the Corporations Act .