South Australian Current Acts

ELECTRICITY CORPORATIONS (RESTRUCTURING AND DISPOSAL) ACT 1999 - SECT 26

26—Provision of capital to State-owned company

        (1)         Any one or more Ministers of the Crown may subscribe capital to a State-owned company.

        (2)         The Treasurer may, on conditions the Treasurer considers appropriate—

            (a)         advance loan capital to a State-owned company; and

            (b)         transfer non-pecuniary assets of the Crown to a State-owned company.

        (3)         Capital subscriptions and advances are, subject to any contrary direction by the Treasurer, to be paid out of the Consolidated Account (which is appropriated to the necessary extent).

        (4)         An instrument to give effect to a transaction under this section is exempt from stamp duty.