13BDirections by members

13B Directions by members

[Section 13B Inserted by No. 18 of 2025, s. 66, Applied:01 Jan 2026]

(1)  The members may give a direction to the Corporation or a wholly-owned subsidiary of the Corporation.

(2)  Before the members give a direction under subsection (1) to the Corporation or a wholly-owned subsidiary of the Corporation, the members are to notify the Corporation or wholly-owned subsidiary in writing that –

(a) the members intend to give the direction on the matter specified in the notification; and

(b) the Corporation or wholly-owned subsidiary has the period specified in the notification to provide information to the members in respect of the specified matter.

(3)  A direction given to the Corporation, or a wholly-owned subsidiary, under subsection (1)  –

(a) may be given even if the direction is contrary to –

(i) the constitution; or

(ii) a statement of expectations under section 13A in force in respect of the Corporation or subsidiary; or

(iii) the statement of corporate intent under section 13F in force in respect of the Corporation or subsidiary; or

(iv) Treasurer’s Instructions in force in respect of the Corporation or subsidiary; or

(v) if the direction is given to a wholly-owned subsidiary, the constitution of the subsidiary; or

(vi) if the Corporation or subsidiary provided information in respect of the direction in accordance with subsection (2), that information; and

(b) may not be given if the direction is contrary to the provisions of this Act or another Act of this State or the Commonwealth.

(4)  The members may, by written notice to the Corporation or its subsidiary at any time, amend or revoke a direction given to the Corporation or subsidiary under subsection (1)  –