What it does
This Act establishes and defines the legal form, powers and permitted activities of the South Australian Timber Corporation, and sets out how its property and statutory powers are held and may be dealt with on dissolution. The Act continues the Corporation (s 5) as a body corporate with the legal capacity of a natural person (s 6(1)-(2)). It specifies the Corporation’s objects in trading in timber and timber products, participating in joint ventures, acquiring and holding shares and undertakings, and otherwise promoting trade in timber, timber products and related commodities (s 13(1)(a)-(g)). The Act gives the Corporation express commercial powers that include import, export, acquisition of land and plant, processing for sale, purchasing shares, entering contracts, acquiring licences and providing consultancy services (s 13(3)(a)-(g)).
Governance and control mechanisms in the statute place decisive authority in the Minister. The Corporation is “constituted of the Minister” (s 7), the common seal may only be affixed on the Minister’s authority and documents bearing the common seal are presumed duly executed in the absence of contrary evidence (s 6(3)-(5)). The Corporation holds its property for and on behalf of the Crown (s 8). The Governor may dissolve the Corporation by proclamation and nominate an authority or person to whom remaining assets and liabilities will vest; remaining assets and liabilities after vesting revert to the Crown (s 9(1)-(2)). After dissolution, statutory powers that would otherwise have been exercised by the Corporation become exercisable by the Minister (s 9(3)). The Corporation must carry out its functions in a manner consistent with the aims and objectives of the Woods and Forests Department (s 13(2)).
Delegation is permitted but expressly revocable at will, and any delegation does not derogate from the Corporation’s power to act itself (s 14(1)-(2)). The Act contains no express offences, penalty regime or administrative enforcement machinery; it is framed as a statutory authorisation of corporate form and commercial functions rather than as a regulatory code. The legislative history records later amendment and asset-sale related changes made by the South Australian Timber Corporation (Sale of Assets) Act 1996 (legislative history).