{\rtf1\adeflang1025\ansi\ansicpg1252\uc1\adeff40\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang1033\deflangfe1033\themelang1033\themelangfe0\themelangcs0{\fonttbl{\f0\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\f1\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Arial;}
{\f1\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Arial;}{\f40\fbidi \froman\fcharset0\fprq2{\*\panose 02040604050505020304}NewCenturySchlbk{\*\falt Century Schoolbook};}
{\f41\fbidi \froman\fcharset0\fprq2{\*\panose 02040604050505020304}Century Schoolbook;}{\flomajor\f31500\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}
{\fdbmajor\f31501\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\fhimajor\f31502\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0302020204030204}Calibri Light;}
{\fbimajor\f31503\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\flominor\f31504\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}
{\fdbminor\f31505\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\fhiminor\f31506\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri;}
{\fbiminor\f31507\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\f299\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\f300\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\f302\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\f303\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\f304\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\f305\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}
{\f306\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\f307\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\f309\fbidi \fswiss\fcharset238\fprq2 Arial CE;}{\f310\fbidi \fswiss\fcharset204\fprq2 Arial Cyr;}
{\f312\fbidi \fswiss\fcharset161\fprq2 Arial Greek;}{\f313\fbidi \fswiss\fcharset162\fprq2 Arial Tur;}{\f314\fbidi \fswiss\fcharset177\fprq2 Arial (Hebrew);}{\f315\fbidi \fswiss\fcharset178\fprq2 Arial (Arabic);}
{\f316\fbidi \fswiss\fcharset186\fprq2 Arial Baltic;}{\f317\fbidi \fswiss\fcharset163\fprq2 Arial (Vietnamese);}{\f309\fbidi \fswiss\fcharset238\fprq2 Arial CE;}{\f310\fbidi \fswiss\fcharset204\fprq2 Arial Cyr;}
{\f312\fbidi \fswiss\fcharset161\fprq2 Arial Greek;}{\f313\fbidi \fswiss\fcharset162\fprq2 Arial Tur;}{\f314\fbidi \fswiss\fcharset177\fprq2 Arial (Hebrew);}{\f315\fbidi \fswiss\fcharset178\fprq2 Arial (Arabic);}
{\f316\fbidi \fswiss\fcharset186\fprq2 Arial Baltic;}{\f317\fbidi \fswiss\fcharset163\fprq2 Arial (Vietnamese);}{\f709\fbidi \froman\fcharset238\fprq2 Century Schoolbook CE;}{\f710\fbidi \froman\fcharset204\fprq2 Century Schoolbook Cyr;}
{\f712\fbidi \froman\fcharset161\fprq2 Century Schoolbook Greek;}{\f713\fbidi \froman\fcharset162\fprq2 Century Schoolbook Tur;}{\f716\fbidi \froman\fcharset186\fprq2 Century Schoolbook Baltic;}
{\flomajor\f31508\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\flomajor\f31509\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\flomajor\f31511\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}
{\flomajor\f31512\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\flomajor\f31513\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\flomajor\f31514\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}
{\flomajor\f31515\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\flomajor\f31516\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fdbmajor\f31518\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}
{\fdbmajor\f31519\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\fdbmajor\f31521\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fdbmajor\f31522\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}
{\fdbmajor\f31523\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\fdbmajor\f31524\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fdbmajor\f31525\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}
{\fdbmajor\f31526\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fhimajor\f31528\fbidi \fswiss\fcharset238\fprq2 Calibri Light CE;}{\fhimajor\f31529\fbidi \fswiss\fcharset204\fprq2 Calibri Light Cyr;}
{\fhimajor\f31531\fbidi \fswiss\fcharset161\fprq2 Calibri Light Greek;}{\fhimajor\f31532\fbidi \fswiss\fcharset162\fprq2 Calibri Light Tur;}{\fhimajor\f31535\fbidi \fswiss\fcharset186\fprq2 Calibri Light Baltic;}
{\fhimajor\f31536\fbidi \fswiss\fcharset163\fprq2 Calibri Light (Vietnamese);}{\fbimajor\f31538\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\fbimajor\f31539\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\fbimajor\f31541\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fbimajor\f31542\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\fbimajor\f31543\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\fbimajor\f31544\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fbimajor\f31545\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\fbimajor\f31546\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}
{\flominor\f31548\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\flominor\f31549\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\flominor\f31551\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}
{\flominor\f31552\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\flominor\f31553\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\flominor\f31554\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}
{\flominor\f31555\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\flominor\f31556\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fdbminor\f31558\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}
{\fdbminor\f31559\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\fdbminor\f31561\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fdbminor\f31562\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}
{\fdbminor\f31563\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\fdbminor\f31564\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fdbminor\f31565\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}
{\fdbminor\f31566\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fhiminor\f31568\fbidi \fswiss\fcharset238\fprq2 Calibri CE;}{\fhiminor\f31569\fbidi \fswiss\fcharset204\fprq2 Calibri Cyr;}
{\fhiminor\f31571\fbidi \fswiss\fcharset161\fprq2 Calibri Greek;}{\fhiminor\f31572\fbidi \fswiss\fcharset162\fprq2 Calibri Tur;}{\fhiminor\f31575\fbidi \fswiss\fcharset186\fprq2 Calibri Baltic;}
{\fhiminor\f31576\fbidi \fswiss\fcharset163\fprq2 Calibri (Vietnamese);}{\fbiminor\f31578\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\fbiminor\f31579\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\fbiminor\f31581\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fbiminor\f31582\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\fbiminor\f31583\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\fbiminor\f31584\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fbiminor\f31585\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\fbiminor\f31586\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}}
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\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0;\red128\green128\blue128;\red192\green192\blue192;\red255\green255\blue255;}{\*\defchp \fs22 }{\*\defpap \ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 }\noqfpromote {\stylesheet{\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
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\b\fs32\lang3081\langfe1033\kerning32\loch\f31502\hich\af31502\dbch\af31501\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext0 \slink133 \sqformat \spriority9 heading 1;}{\*\cs10 \additive \ssemihidden Default Paragraph Font;}{\*
\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblind0\tblindtype3\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv \ql \li0\ri0\sa160\sl259\slmult1
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\additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 AlternativeEnd;}{\*\cs19 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 AlternativeStart;}{\s20\qc \li0\ri0\sb240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 
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\ab\af40\afs24\alang1025 \ltrch\fcs0 \b\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext21 Amendments;}{\s22\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 
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\ai\af0 \ltrch\fcs0 \i \sbasedon10 Bill Position;}{\s26\qr \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs20\alang1025 \ltrch\fcs0 \f40\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext26 
Bill Signature;}{\s27\qc \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af40\afs26\alang1025 \ltrch\fcs0 \i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext27 Brought In By;}{
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\additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Chapter No;}{\s30\qc \li0\ri0\sb240\keepn\pagebb\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs30\alang1025 \ltrch\fcs0 
\b\caps\f40\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon28 \snext30 Chapter Rest;}{\s31\qj \li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
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\tx576\wrapdefault\nooverflow\faroman\rin0\lin1843\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 \ltrch\fcs0 \b\i\f40\fs26\cf11\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext35 Client Note;}{\s36\qj \li0\ri0\widctlpar\brdrt
\brdrs\brdrw15\brsp20 \wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs18\alang1025 \ltrch\fcs0 \b\caps\f40\fs18\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext36 Cognate;}{
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\ltrch\fcs0 \cf3 \sbasedon10 Date1;}{\s39\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs22\alang1025 \ltrch\fcs0 \b\caps\f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext39 Deed;}{\s40\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon56 \snext40 Deed Graphic;}
{\*\cs41 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Deed No;}{\s42\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext42 Definition Paragraph;}{\s43\qj \fi-720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon42 \snext43 Definition Sub Paragraph;}{\s44\qj \fi-731\li3611\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3611\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext44 Definition Sub Sub Paragraph;}{\*\cs45 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf11 \sbasedon10 Definition Term;}{
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\s47\qc \li0\ri0\sb240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 \ltrch\fcs0 \b\i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext47 Division;}{\*\cs48 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Division No;}{\s49\qj \li-1701\ri0\widctlpar\tqr\tx8789\wrapdefault\nooverflow\faroman\rin0\lin-1701\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext49 \slink50 footer;}{\*\cs50 \additive \rtlch\fcs1 \af40\afs26 \ltrch\fcs0 \f40\fs26\lang3081\langfe0\langnp3081 \sbasedon10 \slink49 \slocked \ssemihidden Footer Char;}{\*\cs51 
\additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf12 \sbasedon10 Foreign;}{\s52\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs22\alang1025 \ltrch\fcs0 
\b\caps\f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext52 Form;}{\s53\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon56 \snext53 Form Graphic;}{\*\cs54 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Form No;}{
\s55\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext55 Formula;}{
\s56\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext56 Graphic;}{
\s57\qj \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext57 Graphic Description;}{
\s58\qj \li0\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext58 Head Note;}{
\s59\qj \li0\ri0\widctlpar\tqc\tx4153\tqr\tx8306\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext59 \slink60 header;}{\*\cs60 
\additive \rtlch\fcs1 \af40\afs26 \ltrch\fcs0 \f40\fs26\lang3081\langfe0\langnp3081 \sbasedon10 \slink59 \slocked \ssemihidden Header Char;}{\s61\qj \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\ai\af40\afs26\alang1025 \ltrch\fcs0 \i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext61 Image;}{\s62\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext62 Image Description;}{\*\cs63 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Image No;}{\*\cs64 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf0 \sbasedon10 Image Type;}{\*
\cs65 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf9 \sbasedon10 Item No;}{\s66\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 
\b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext66 Long Title;}{\s67\qj \li0\ri0\sa240\widctlpar
\tx144\tx288\tx432\tx576\tx720\tx864\tx1008\tx1152\tx1296\tx1440\tx1584\tx1728\tx1872\tx2016\tx2160\tx2304\tx2448\tx2592\tx2736\tx2880\tx3024\tx3168\tx3312\tx3456\tx3600\tx3744\tx3888\tx4032\tx4176\tx4320\tx4464\tx4608\tx4752\tx4896\tx5040
\tx5184\tx5328\tx5472\tx5616\tx5760\tx5904\tx6048\tx6192\tx6336\tx6480\tx6624\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext67 
Oath;}{\s68\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext68 Order;}{\*\cs69 \additive \rtlch\fcs1 \ab\af0 
\ltrch\fcs0 \b\caps \sbasedon10 Order No;}{\s70\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs20\alang1025 \ltrch\fcs0 \f40\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext70 
Originating;}{\s71\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext71 Out Def;}{
\s72\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext72 Out Def Para;}{
\s73\qj \li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext73 Out Def Sub Para;}{
\s74\qj \li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext74 Out Def Sub Sub Para;}{
\s75\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext75 Out Para;}{
\s76\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext76 Out Section;}{
\s77\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext77 Out Sub Para;}{
\s78\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext78 Out Sub Section;}{
\s79\qj \li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext79 Out Sub Sub Para;}{\*\cs80 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \sbasedon10 page number;}{\s81\qj \fi-720\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext81 Paragraph;}{\*\cs82 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Paragraph No;}{\s83\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 
\b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext83 Part First;}{\*\cs84 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Part No;}{
\s85\qc \li0\ri0\sb240\keepn\pagebb\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon83 \snext85 Part Rest;}{
\s86\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs22\alang1025 \ltrch\fcs0 \b\caps\f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon83 \snext86 Part Schedule;}{
\s87\qj \fi-1083\li1797\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1797\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext87 Penalty;}{
\s88\qj \fi-576\li2376\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2376\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon87 \snext88 Penalty Para;}{
\s89\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext89 Preamble Text;}{
\s90\qj \fi-1987\li1987\ri0\sa120\widctlpar\tx576\wrapdefault\nooverflow\faroman\rin0\lin1987\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 \ltrch\fcs0 \b\i\f40\fs26\cf12\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext90 Private Note;}
{\s91\qj \li0\ri0\sa240\widctlpar\tx720\tx1166\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext91 Qualifying Text;}{\*\cs92 
\additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 RefAct;}{\*\cs93 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 RefCase;}{\*\cs94 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf11 \sbasedon10 RefDefTerm;}{\*\cs95 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf13 \sbasedon10 RefExternal;}{\*\cs96 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf13 \sbasedon10 RefInternal;}{\*\cs97 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf13 \sbasedon10 RefStandard;}{\*\cs98 \additive \rtlch\fcs1 
\ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 RefStatutory;}{\s99\qc \li0\ri0\sb240\pagebb\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 
\b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext99 Schedule;}{\*\cs100 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Schedule No;}{
\s101\qr \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext101 Schedule SectRef;}{\*\cs102 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Section No;}{\*\cs103 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 Short Title;}{\s104\qc \li0\ri0\sa480\sl-360\slmult0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\ab\af40\afs30\alang1025 \ltrch\fcs0 \b\caps\f40\fs30\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext104 Short Title Heading;}{\s105\qc \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext105 Short Title No;}{\s106\qc \li0\ri0\sb480\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\af40\afs26\alang1025 \ltrch\fcs0 \caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext106 State;}{\*\cs107 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf12 \sbasedon10 StatOffice;}{\*\cs108 \additive \rtlch\fcs1 \ab\af0 
\ltrch\fcs0 \b\cf9 \sbasedon10 Sub Clause No;}{\s109\qc \li0\ri0\sb240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 \ltrch\fcs0 \b\i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext109 Sub Division;}{\s110\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext110 Sub Paragraph;}{\*\cs111 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Sub Paragraph No;}{\s112\qj \fi720\li0\ri0\sa240\widctlpar\tx1170\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 
\ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext112 Sub Section;}{\*\cs113 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf9 \sbasedon10 Sub Section No;}{
\s114\qj \fi-720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext114 Sub Sub Paragraph;}{\*\cs115 
\additive \rtlch\fcs1 \af0 \ltrch\fcs0 \caps\cf9 \sbasedon10 Sub Sub Paragraph No;}{\*\cs116 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Subdivision No;}{\*\cs117 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \super \sbasedon10 Super;}{\*\cs118 
\additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b \sbasedon10 Table Bold;}{\*\cs119 \additive \rtlch\fcs1 \ab\ai\af0 \ltrch\fcs0 \b\i \sbasedon10 Table Bold Italic;}{\s120\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext120 Table Content;}{\*\cs121 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i \sbasedon10 Table Italic;}{\*\cs122 \additive \rtlch\fcs1 \af0 
\ltrch\fcs0 \cf9 \sbasedon10 Table Item No;}{\s123\qc \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext123 
Table Title;}{\s124\qj \li0\ri0\sb240\keepn\widctlpar\tqr\tx7087\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext124 \ssemihidden toc 1;}{\s125\qj \fi-720\li2534\ri-45\sb120\keepn\widctlpar\tx720\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-45\lin2534\itap0 \rtlch\fcs1 \ab\ai\af40\afs24\alang1025 \ltrch\fcs0 
\b\i\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext125 \ssemihidden toc 2;}{\s126\qj \fi-720\li720\ri-43\sb120\widctlpar\tx1080\tx1440\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-43\lin720\itap0 \rtlch\fcs1 
\af40\afs24\alang1025 \ltrch\fcs0 \f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext126 \ssemihidden toc 3;}{\s127\qj \fi-720\li1559\ri-45\sb120\widctlpar\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-45\lin1559\itap0 
\rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext127 \ssemihidden toc 4;}{\s128\qj \fi-720\li1967\ri0\sb120\widctlpar
\tqr\tx7087\wrapdefault\nooverflow\faroman\rin0\lin1967\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext128 \ssemihidden toc 5;}{\s129\qj \li907\ri-29\widctlpar
\tqr\tx6660\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-29\lin907\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext129 \ssemihidden toc 6;}{
\s130\qj \fi-720\li1627\ri-29\widctlpar\tx1987\tx3067\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-29\lin1627\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext130 \ssemihidden toc 7;}{\s131\qj \fi-720\li1080\ri0\sb120\widctlpar\tx1080\tx1440\tx1800\tx2160\tx7087\wrapdefault\nooverflow\faroman\rin0\lin1080\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 
\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext131 \ssemihidden toc 8;}{\s132\qj \li2080\ri0\widctlpar\tqr\tx7087\wrapdefault\nooverflow\faroman\rin0\lin2080\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 
\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext132 \ssemihidden toc 9;}{\*\cs133 \additive \rtlch\fcs1 \ab\af31503\afs32 \ltrch\fcs0 \b\fs32\lang3081\langfe0\kerning32\loch\f31502\hich\af31502\dbch\af31501\langnp3081 
\sbasedon10 \slink1 \slocked \spriority9 Heading 1 Char;}{\s134\qc \li0\ri0\sb480\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext134 \sqformat TOC Heading;}{\*\cs135 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf15 \sbasedon10 zActNumber;}{\*\cs136 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf15 \sbasedon10 zActYear;}{
\s137\qr \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext137 zAssentDate;}{
\s138\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext138 zBillNumber;}{
\s139\qj \li0\ri0\widctlpar\pvpara\posy1440\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af40\afs20\alang1025 \ltrch\fcs0 \i\f40\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext139 zSecondReading;}{\s140\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext140 AdminDep;}{
\s141\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext141 CertifyLaw Text;}{
\s142\qc \li0\ri0\sb120\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af40\afs26\alang1025 \ltrch\fcs0 \i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext142 Conditions;}{
\s143\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext143 ConfirmGov;}{
\s144\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext144 Execution Text;}{
\s145\qc \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext145 Explain Heading;}{
\s146\qj \li0\ri0\sa240\widctlpar\tx720\tx1166\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon91 \snext146 Explain Note;}{
\s147\qc \li0\ri0\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af40\afs26\alang1025 \ltrch\fcs0 \i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext147 Explain Note Note;}{
\s148\qj \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext148 GazetteDate;}{
\s149\qc \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext149 GenConditions;}{
\s150\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext150 GovernorSig Text;}{
\s151\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext151 MinisterSig Text;}{
\s152\qj \li0\ri0\sa240\keep\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext152 Opening Words;}{
\s153\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext153 Seal;}{
\s154\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext154 SR Date;}{
\s155\qr \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext155 SR Position;}{
\s156\qj \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext156 SR Printed;}{
\s157\qr \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext157 SR Signature;}{\*\cs158 \additive 
\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i \sbasedon10 Tariff;}{\s159\qc \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 
\b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext159 Tariff Group;}{\s160\qj \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 \ltrch\fcs0 
\b\i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext160 Tariff Heading;}{\*\cs161 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\caps\cf9 \sbasedon10 Tariff No;}{
\s162\qc \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext162 TariffList Heading;}{
\s163\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext163 TariffList Text;}{
\s164\qj \fi-1080\li2520\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2520\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext164 Amd Charge;}{
\s165\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 \ltrch\fcs0 \b\i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext165 Amd Division;}{
\s166\qj \li720\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext166 Amd Head Note;}{\*\cs167 
\additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf5 \sbasedon10 Amd Number;}{\*\cs168 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf5 \sbasedon10 Amd Number Bold;}{\*\cs169 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \caps\cf5 \sbasedon10 Amd Number Cap;}{
\s170\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext170 Amd Part;}{
\s171\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext171 Amd Penalty;}{
\s172\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext172 Amd Schedule;}{
\s173\qj \li3240\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3240\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext173 Amd1 Charge;}{
\s174\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 \ltrch\fcs0 \b\i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon47 \snext174 Amd1 Division;}{
\s175\qj \li1440\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon166 \snext175 Amd1 Head Note;}{
\s176\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon170 \snext176 Amd1 Part;}{
\s177\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext177 Amd1 Penalty;}{
\s178\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon172 \snext178 Amd1 Schedule;}{
\s179\qj \li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext179 Indent 0.5;}{
\s180\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon179 \snext180 Indent 1.0;}{
\s181\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon180 \snext181 Indent 1.5;}{
\s182\qj \fi720\li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext182 Indent 1st 0.5;}{
\s183\qj \fi720\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon182 \snext183 Indent 1st 1.0;}{
\s184\qj \fi720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon183 \snext184 Indent 1st 1.5;}{
\s185\qj \fi720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon184 \snext185 Indent 1st 2.0;}{
\s186\qj \fi720\li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon185 \snext186 Indent 1st 2.5;}{
\s187\qj \li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon181 \snext187 Indent 2.0;}{
\s188\qj \li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon187 \snext188 Indent 2.5;}{
\s189\qj \fi-720\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext189 Indent Hng 0.5;}{
\s190\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext190 Indent Hng 1.0;}{
\s191\qj \fi-720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon190 \snext191 Indent Hng 1.5;}{
\s192\qj \fi-720\li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon191 \snext192 Indent Hng 2.0;}{
\s193\qj \fi-720\li4320\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin4320\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon192 \snext193 Indent Hng 2.5;}{
\s194\qj \fi-720\li720\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \f40\fs24\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext194 TOC Entry;}{\*\cs195 \additive 
\rtlch\fcs1 \ab\af0\afs30 \ltrch\fcs0 \b\caps\fs30\cf15 \sbasedon10 Year;}{\s196\qj \li0\ri0\widctlpar\pvpg\posy15593\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs22\alang1025 \ltrch\fcs0 
\f40\fs22\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext196 zDocumentStamp;}{\s197\qj \li0\ri0\widctlpar\pvpg\posy720\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext197 zDraftNotice;}{
\s198\qj \li0\ri0\widctlpar\pvpg\posxc\posy14912\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs20\alang1025 \ltrch\fcs0 \f40\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext198 zGovPrintImp;}{\*\cs199 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \caps \sbasedon10 ShortTitleHeadEnd;}{\s200\qj \li0\ri0\widctlpar\pvpg\posy284\dxfrtext181\dfrmtxtx181\dfrmtxty181\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 
\rtlch\fcs1 \af40\afs20\alang1025 \ltrch\fcs0 \f40\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon197 \snext200 zConsolidate;}{\s201\qj \fi-1080\li2520\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2520\itap0 \rtlch\fcs1 
\af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon87 \snext201 Para Penalty;}{\s202\qj \fi-576\li3096\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3096\itap0 \rtlch\fcs1 
\af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon87 \snext202 Para Penalty Para;}{\s203\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 
\af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext203 Para Definition Text;}{\s204\qj \fi-720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 
\af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext204 Sub Para Def Text;}{\s205\qj \fi-720\li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 
\af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext205 Sub Sub Para Def Text;}{\*\cs206 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \sub \sbasedon10 Sub;}{
\s207\qj \li720\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext207 CounterSigText;}{
\s208\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs30\alang1025 \ltrch\fcs0 \b\caps\f40\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon28 \snext208 Amd Chapter;}{
\s209\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af40\afs30\alang1025 \ltrch\fcs0 \b\caps\f40\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon208 \snext209 Amd1 Chapter;}{
\s210\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 \ltrch\fcs0 \b\i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon109 \snext210 Amd SubDivision;}{
\s211\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 \ltrch\fcs0 \b\i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon210 \snext211 Amd1 SubDivision;}{
\s212\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs22\alang1025 \ltrch\fcs0 \b\caps\f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon39 \snext212 Amd Deed;}{
\s213\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af40\afs22\alang1025 \ltrch\fcs0 \b\caps\f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon212 \snext213 Amd1 Deed;}{
\s214\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs22\alang1025 \ltrch\fcs0 \b\caps\f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon52 \snext214 Amd Form;}{
\s215\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af40\afs22\alang1025 \ltrch\fcs0 \b\caps\f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon214 \snext215 Amd1 Form;}{
\s216\qj \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ai\af40\afs26\alang1025 \ltrch\fcs0 \i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon61 \snext216 Amd Image;}{
\s217\qj \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ai\af40\afs26\alang1025 \ltrch\fcs0 \i\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon216 \snext217 Amd1 Image;}{
\s218\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon31 \snext218 Para Charge;}{
\s219\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs22\alang1025 \ltrch\fcs0 \b\caps\f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon170 \snext219 Amd Part Schedule;}{
\s220\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af40\afs22\alang1025 \ltrch\fcs0 \b\caps\f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon176 \snext220 Amd1 Part Schedule;}{
\s221\qc \li0\ri0\sa60\widctlpar\wrapdefault\nooverflow\faroman\outlinelevel1\rin0\lin0\itap0 \rtlch\fcs1 \af1\afs24\alang1025 \ltrch\fcs0 \f1\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext221 \slink222 \sqformat Subtitle;}{\*
\cs222 \additive \rtlch\fcs1 \af31503\afs24 \ltrch\fcs0 \fs24\lang3081\langfe0\loch\f31502\hich\af31502\dbch\af31501\langnp3081 \sbasedon10 \slink221 \slocked \spriority11 Subtitle Char;}{
\s223\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af1\afs20\alang1025 \ltrch\fcs0 \caps\f1\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext223 zEndorsement;}{
\s224\qj \fi720\li4320\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin4320\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon186 \snext224 Indent 1st 3.0;}{
\s225\qj \li4320\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin4320\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon188 \snext225 Indent 3.0;}{
\s226\qj \fi-720\li5040\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin5040\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon193 \snext226 Indent Hng 3.0;}{
\s227\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af41\afs20\alang1025 \ltrch\fcs0 \f41\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext227 Graphic Text;}{\*\cs228 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf11 \sbasedon10 Client Note No;}{\s229\qj \li1843\ri0\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1843\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 \ltrch\fcs0 
\b\i\f40\fs26\cf11\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext229 Client Note Text;}{\s230\qj \li1987\ri0\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1987\itap0 \rtlch\fcs1 \ab\ai\af40\afs26\alang1025 
\ltrch\fcs0 \b\i\f40\fs26\cf12\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext230 Private Note Text;}{\*\cs231 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf12 \sbasedon10 Private Note No;}{\s232\qj \fi-691\li691\ri0\sa240\widctlpar
\tx1440\wrapdefault\nooverflow\faroman\rin0\lin691\itap0 \rtlch\fcs1 \af40\afs22\alang1025 \ltrch\fcs0 \f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext232 Note Content;}{
\s233\qj \li691\ri0\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin691\itap0 \rtlch\fcs1 \af40\afs22\alang1025 \ltrch\fcs0 \f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext233 Note Out Text;}{
\s234\qj \li691\ri0\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin691\itap0 \rtlch\fcs1 \af40\afs22\alang1025 \ltrch\fcs0 \f40\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext234 Note Text;}{
\s235\qj \fi-720\li3600\ri0\sa120\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext235 Sub Sub Sub Paragraph;}{\*\cs236 
\additive \rtlch\fcs1 \af0 \ltrch\fcs0 \sbasedon10 Sub Sub Sub Paragraph No;}{\s237\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 
\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext237 Proviso;}}{\*\revtbl {Unknown;}}{\*\rsidtbl \rsid1062006\rsid1538515\rsid2718897\rsid9334580\rsid12478462}{\mmathPr\mmathFont34\mbrkBin0\mbrkBinSub0\msmallFrac0\mdispDef1\mlMargin0\mrMargin0
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\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40 \ltrch\fcs0 \insrsid9334580 \chftnsep 
\par }}{\*\ftnsepc \ltrpar \pard\plain \ltrpar\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40 \ltrch\fcs0 
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\par }}{\*\aftnsep \ltrpar \pard\plain \ltrpar\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40 \ltrch\fcs0 
\insrsid9334580 \chftnsep 
\par }}{\*\aftnsepc \ltrpar \pard\plain \ltrpar\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40 \ltrch\fcs0 
\insrsid9334580 \chftnsepc 
\par }}\ltrpar \sectd \ltrsect\binfsxn2\binsxn2\linex0\headery1000\footery1000\endnhere\titlepg\sectdefaultcl\sftnbj {\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3
\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}
{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \ltrpar
\s105\qc \li0\ri0\sb5000\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40\afs24 \ltrch\fcs0 
\cs135\b0\fs24\cf0\insrsid12478462 No. 18}{\rtlch\fcs1 \ab0\af40\afs24 \ltrch\fcs0 \b0\fs24\cf0\insrsid12478462  of }{\rtlch\fcs1 \ab0\af40\afs24 \ltrch\fcs0 \cs136\b0\fs24\cf0\insrsid12478462 2002}{\rtlch\fcs1 \ab0\af40\afs24 \ltrch\fcs0 
\b0\fs24\cf0\insrsid12478462 .
\par }\pard\plain \ltrpar\s104\qc \li0\ri0\sa240\sl-360\slmult0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs30\alang1025 \ltrch\fcs0 \b\caps\f40\fs30\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ai\af40\afs24 
\ltrch\fcs0 \i\caps0\fs24\cf0\insrsid12478462 Independent Public Business Corporation of Papua New Guinea Act }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs199\caps0\fs24\cf0\insrsid12478462 2002}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 
\i\caps0\fs24\cf0\insrsid12478462 .
\par }\pard\plain \ltrpar\qc \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Certified on: }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs38\fs24\insrsid12478462 10/5/2002}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .
\par \sect }\sectd \ltrsect\binfsxn2\binsxn2\pgnrestart\linex0\headery1000\footery1000\endnhere\titlepg\sectdefaultcl\sftnbj {\footerl \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 
\af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 \endash  }{\field{\*\fldinst {
\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 PAGE \\* roman}}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid2718897 ii}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 
\ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  \endash }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\par }}{\footerr \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 \endash  }{\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 PAGE \\* roman}}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid2718897 iii}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  \endash }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\par }}{\footerf \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 
\par }}\pard\plain \ltrpar\qc \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\par INDEPENDENT STATE OF PAPUA NEW GUINEA.
\par }\pard\plain \ltrpar\s37\qc \li0\ri0\sb480\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 

\par }\pard\plain \ltrpar\s105\qc \li0\ri0\sb240\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40\afs24 \ltrch\fcs0 
\cs135\b0\fs24\cf0\insrsid12478462 No. 18}{\rtlch\fcs1 \ab0\af40\afs24 \ltrch\fcs0 \b0\fs24\cf0\insrsid12478462  of }{\rtlch\fcs1 \ab0\af40\afs24 \ltrch\fcs0 \cs136\b0\fs24\cf0\insrsid12478462 2002}{\rtlch\fcs1 \ab0\af40\afs24 \ltrch\fcs0 
\b0\fs24\cf0\insrsid12478462 .
\par }\pard\plain \ltrpar\s104\qc \li0\ri0\sb500\sa240\sl-360\slmult0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs30\alang1025 \ltrch\fcs0 \b\caps\f40\fs30\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\ai\af40\afs24 \ltrch\fcs0 \i\caps0\fs24\cf0\insrsid12478462 Independent Public Business Corporation of Papua New Guinea Act }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs199\caps0\fs24\cf0\insrsid12478462 2002}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 
\i\caps0\fs24\cf0\insrsid12478462 .
\par }\pard\plain \ltrpar\s134\qc \li567\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin567\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs24 
\ltrch\fcs0 \f0\fs24\insrsid12478462 ARRANGEMENT OF SECTIONS.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40 \ltrch\fcs0 
\b\insrsid12478462 PART 1 \endash  PRELIMINARY.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462 1.\tab Compliance with constitutional requirements.
\par 2.\tab Interpretation..
\par }\pard\plain \ltrpar\s127\qj \fi-720\li1559\ri0\widctlpar\wrapdefault\faauto\rin0\lin1559\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93assets\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93Board\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93business enterprise\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93Chairman\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93close relative\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93commencement date\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93Deputy Chairman\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93Director\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93enterprise\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93General Business Trust\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93IPBC Working Capital Fund\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93liabilities\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93Managing Director\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93Minister\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93People\rquote s Unit Trust\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93Privatization Commission\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93Secretary\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93succession date\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93this Act\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93Trust\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462 3.\tab Application to the State.
\par 4.\tab Application of }{\rtlch\fcs1 \ab0\ai\af40 \ltrch\fcs0 \cs92\b0\i\caps0\insrsid12478462 Public Finances (Management) Act 1995}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462 .
\par 5.\tab Inconsistency with Privatization Act.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40 \ltrch\fcs0 
\b\insrsid12478462 PART 2 \endash  Independent Public Business Corporation.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462 6.\tab Establishment of the Corporation.
\par 7.\tab Objects of the Corporation.
\par 8.\tab Functions of the Corporation.
\par 9.\tab Powers of the Corporation.
\par 9A.\tab Powers of National Executive Council and Minister.
\par 10.\tab Delegation by the Board.
\par 11.\tab Directors.
\par 12.\tab Chairman and Deputy Chairman.
\par 13.\tab Meetings of the Board.
\par 14.\tab Leave of absence of Directors.
\par 15.\tab Vacation of Office of Director.
\par 16.\tab Vacancy or defect not to affect powers or functions.
\par 17.\tab Duties of Directors.
\par 18.\tab Disclosure of material interest.
\par 19.\tab Avoidance of transactions.
\par 20.\tab Remuneration of Directors.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40 \ltrch\fcs0 
\b\insrsid12478462 PART 3 \endash  Succession of Privatization Commission by Corporation.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462 21.\tab Succession arrangements.
\par 22.\tab Transitional Provisions.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40 \ltrch\fcs0 
\b\insrsid12478462 PART 4 \endash  Officers and Employees of the Corporation.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462 23.\tab Appointment of Managing Director.
\par [24.\tab }{\rtlch\fcs1 \ab0\ai\af40 \ltrch\fcs0 \b0\i\caps0\insrsid12478462 Repealed}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462 ]
\par 25.\tab Removal of Managing Director.
\par 26.\tab Interim arrangements regarding privatization commission.
\par 27.\tab Powers, duties and functions of the Managing Director.
\par 28.\tab Delegation by the Managing Director.
\par 29.\tab Appointment of officers.
\par 30.\tab Initial Officers.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40 \ltrch\fcs0 
\b\insrsid12478462 PART 5 \endash  Trusts.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462 31.\tab Establishment of Trusts.
\par 32.\tab Corporation to be trustee of the trusts.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40 \ltrch\fcs0 
\b\insrsid12478462 PART 6 \endash  Finance.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462 33.\tab Capital.
\par 34.\tab General Reserve Fund.
\par 35.\tab Dealing with profits.
\par 36.\tab Bank accounts and cheques.
\par 37.\tab Expenditure.
\par 38.\tab Loans by the State.
\par 39.\tab Other loans and facilities.
\par 40.\tab Application of loan proceeds.
\par 41.\tab Investments.
\par }\pard\plain \ltrpar\s127\qj \fi-720\li1559\ri0\widctlpar\wrapdefault\faauto\rin0\lin1559\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93approved bank\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par  }{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \cs45\b0\caps0\insrsid12478462 \'93authorized short-term market\'94}{\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 \b0\caps0\insrsid12478462  
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462 42.\tab Application of moneys.
\par 43.\tab Accounts and records.
\par 44.\tab Audit.
\par 45.\tab Reports and financial statements.
\par 46.\tab Liability to taxation and duties.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40 \ltrch\fcs0 
\b\insrsid12478462 PART 7 \endash  Miscellaneous.
\par }\pard\plain \ltrpar\s124\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs24\alang1025 \ltrch\fcs0 \b\caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40 \ltrch\fcs0 
\b0\caps0\insrsid12478462 47.\tab Indemnity.
\par 48.\tab Offices.
\par 49.\tab No state guarantee.
\par 50.\tab Vesting and transfer.
\par 51.\tab No breach of contracts, etc.
\par 52.\tab State Charges.
\par 53.\tab Notice of dealings.
\par 54.\tab Attorney.
\par 55.\tab Mode of making contracts, etc.
\par 56.\tab Successors to director nominators.
\par 57.\tab Custody of corporation seal.
\par 58.\tab Authentication of documents.
\par 59.\tab Political Influence.
\par 59A.\tab Application of Section 3, 50 and 59.
\par 60.\tab Regulations.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \af40\afs24\alang1025 \ltrch\fcs0 \caps\f40\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40 \ltrch\fcs0 
\b\caps0\insrsid12478462 SCHEDULE 1 \endash  Declaration of Office and Secrecy.
\par SCHEDULE 2 \endash  .
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{\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  COMPARE }{\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 
\ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid2718897 9A.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  = Preamble* \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 
\ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid2718897 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 ,}{\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
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\b\fs24\lang1024\langfe1024\noproof\insrsid2718897 9A.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  <= 0 \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid2718897 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 ) \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid2718897 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  = 1 "" "s. "\\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid2718897 s. }}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 
\ab\af40\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid2718897 9A.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \cell }\pard \ltrpar\s59\qc \li0\ri0\widctlpar\intbl
\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \i\fs24\insrsid12478462 Independent Public Business Corporation of Papua New Guinea 2002}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \cell 
}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone 
\cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx720\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\row }\pard \ltrpar
\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\par }}{\headerr \ltrpar \ltrrow\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft720\trkeep\trftsWidth1\tblind720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil 
\cellx8640\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx10080\pard\plain \ltrpar\s59\qc \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 
\rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \i\fs24\insrsid12478462 Independent Public Business Corporation of Papua New Guinea 2002}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \cell }\pard \ltrpar\s59\qr \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 {\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  IF }
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\b\fs24\insrsid12478462 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid2718897 11.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 
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}\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
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\cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx10080\row }\pard \ltrpar
\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\par }}{\footerl \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 \endash  }{\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 PAGE}}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid2718897 8}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  \endash }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\par }}{\footerr \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 \endash  }{\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 PAGE}}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid2718897 9}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  \endash }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\par }}{\footerf \ltrpar \pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 
\par }}\pard\plain \ltrpar\s106\qc \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\b\fs24\insrsid12478462 INDEPENDENT STATE OF PAPUA NEW GUINEA.
\par }\pard\plain \ltrpar\s37\qc \li0\ri0\sb480\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 
\par }\pard\plain \ltrpar\s105\qc \li0\ri0\sb480\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40\afs24 \ltrch\fcs0 
\b0\fs24\cf0\insrsid12478462 AN ACT
\par entitled
\par }\pard\plain \ltrpar\s104\qc \li0\ri0\sb480\sa240\sl-360\slmult0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs30\alang1025 \ltrch\fcs0 \b\caps\f40\fs30\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\ai\af40\afs24 \ltrch\fcs0 \i\caps0\fs24\cf0\insrsid12478462 Independent Public Business Corporation of Papua New Guinea Act }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs199\caps0\fs24\cf0\insrsid12478462 2002}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 
\i\caps0\fs24\cf0\insrsid12478462 ,
\par }\pard\plain \ltrpar\s66\qj \fi-720\li720\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af40\afs24 \ltrch\fcs0 
\b0\fs24\insrsid12478462 Being an Act\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
to provide for the establishment and management of the Independent Public Business Corporation of Papua New Guinea to hold certain assets including interests in business enterprises as trustee for the benefit of the State; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 to succeed to the assets and liabilities of the Privatization Commission; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 to act as trustee of other prescribed trusts; and 
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 for related purposes,
\par }\pard\plain \ltrpar\s24\qj \fi-720\li720\ri0\keep\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 MADE by the National Parliament to come into operation in accordance with a notice in the National Gazette by the Head of State, acting with, and in accordance with, the advice of the Minister.
\par }\pard\plain \ltrpar\s83\qc \li0\ri0\sb240\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid12478462 PART 1. \endash  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 PRELIMINARY.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 1.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Compliance with constitutional requirements.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 This Act, to the extent that it regulates or restricts a right or freedom conferred by }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 
Subdivision III.3.C (qualified rights)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs103\i\fs24\insrsid12478462 Constitution }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, namely \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the right to freedom of expression conferred by }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 Section 46 of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Constitution}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 ; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the right to freedom of assembly and association conferred by }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 Section 47 of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Constitution}{
\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the right to freedom of employment conferred by }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 Section 48 of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Constitution}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the right to privacy conferred by }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 Section 49 of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Constitution}{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462 ; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the right to freedom of information conferred by }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 Section 51 of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Constitution}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
is a law that is made for the purpose of giving effect to the public interest in public welfare.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 For the purposes of }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 Section 41 of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 
\cs92\i\fs24\insrsid12478462 Organic Law on Provincial Governments and Local-level Governments}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , it is declared that this law relates to a matter of national importance.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 For the purposes of }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 Section 26(3) of the }{\rtlch\fcs1 
\ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Constitution}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, the position of Director (including Managing Director) is declared to be a public office to which Subdivision 111.3.C (Leadership Code) applies.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 2.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Interpretation..
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 In this Act, unless the contrary intention appears\endash 
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid12478462 \'93assets\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description (including money) and includes shares 
and capital (uncalled or otherwise) in any corporation, securities, choses in action and documents of any kind;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93Board\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the Directors acting collectively;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93business enterprise\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means an enterprise engaged, or proposing to become engaged, in the carrying on of business;

\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93Chairman\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the chairman of the Board appointed under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~12}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93close relative\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  in relation to any person, means \endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
any parent, spouse (current or previous), child, brother or sister of that person; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 any parent, child, brother or sister of a spouse (current or previous) of that person; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 any aunt, uncle, nephew or niece of that person or of that person\rquote s spouse (current or previous); or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 any child of the brother or sister of a parent of \endash 
\par }\pard\plain \ltrpar\s43\qj \fi-720\li2880\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2880\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid12478462 (i)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 that person; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs111\fs24\insrsid12478462 (ii)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 that person\rquote s spouse (current or previous); or
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the spouse (current or previous) of any person referred to in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Paragraph\~(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 (d)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ) (inclusive);
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid12478462 \'93commencement date\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the date notified in the National Gazette as the date for commencement of the operation of this Act;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93Deputy Chairman\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the Deputy Chairman of the Board appointed under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~12}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93Director\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means a person appointed as a director of the Corporation under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~11}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93enterprise\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means\~\endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 a corporation; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a partnership; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a firm; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a trust; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 any other person or body or association of persons;
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid12478462 \'93General Business Trust\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the trust established by }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~31}{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462 ;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93IPBC Working Capital Fund\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the fund established under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~34}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93liabilities\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means liabilities, debts and obligations (whether present or future and whether vested or contingent);

\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93Managing Director\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the Managing Director appointed under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~23}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ;
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 
\ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 2 Subsection (1) amended by No. 30 of 2002, s. 1.}}}{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93Minister\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 
 means the Minister responsible for privatization matters or the Minister designated by the Prime Minister, and published in the National Gazette with respect to the allocation of Ministerial duties and responsibilities of Ministers under }{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 Section 148 of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Constitution}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, to be the Minister responsible for matters concerning or dealing with the management or privatization of State-owned corporations, companies, entities or assets wholly or partially owned by the State;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93People\rquote s Unit Trust\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means th
e unit trust established on or before the succession date by the Privatization Commission and initially designated as The People\rquote s Unit Trust of Papua New Guinea;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93Privatization Commission\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the commission established by }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs95\fs24\insrsid12478462 Section 62 of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Public Finances (Management) Act 1995}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93Secretary\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the Secretary to the Board appointed under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~11}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93succession date\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means \endash 
\par }\pard\plain \ltrpar\s42\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 30 June 2002; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 such earlier date specified by the National Executive Council for this purpose and published in the National Gazette at least 30 days earlier.
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid12478462 \'93this Act\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  includes any regulations;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93Trust\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the General Business Trust and \'93Trusts\'94 includes any other tru
st of which the Board becomes trustee in accordance with this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A reference to any association or corporation named in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~11(1)(a)}{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462  to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (d)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 (inclusive) shall be taken to include a reference to any successor of that association or corporation, and includes any person, association or corporation notified in the National Gazette in accordance with }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~56}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  in respect of that association or corporation.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 3.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Application to the State.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 This Act binds the State and, notwithstanding provisions of trust or
 general law to the contrary, neither the State nor any other beneficiary shall exercise any rights as a beneficiary of the Trusts except as permitted by, and in accordance with, this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 4.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Application of }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\caps\fs24\insrsid12478462 Public Finances (Management) Act 1995}{
\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 .
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(3)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , the }{
\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Public Finances (Management) Act 1995}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 applies to, and in relation to, the Corporation and, to the extent it is capable of application, the Trusts.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Each of the Corporation and the Trusts are trading enterprises for the purposes of  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 
Section 62 of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Public Finances (Management) Act 1995}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 Sections 51}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs95\fs24\insrsid12478462 52}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 58}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs95\fs24\insrsid12478462 59}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 61}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and }{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \cs95\fs24\insrsid12478462 63 of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Public Finances (Management) Act 1995}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 do not apply to, or in relation to, the Corporation or the Trusts.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 5.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Inconsistency with Privatization Act.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 To the extent that doing any matter or thing authorized or permitted by, or other wise giving full effect to, this Act is inconsistent with, or contrary to the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 
Privatization Act 1999}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , then this Act necessarily amends, repeals or modifies that Act to the ex
tent necessary to enable that matter or thing to be done, or full effect to be given to, this Act and, without limitation \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the Privatization Commission may vest or transfer any of its assets and liabilities in or to the Corporation; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the Corporation may have access to the use of the resources and staff of the Privatization Commission; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the Managing Director of the Privatization Commission may act simultaneously as Managing Director,
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
as authorized or permitted by this Act notwithstanding the provisions of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Privatization Act 1999}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid12478462 PART 2. \endash  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Independent Public Business Corporation.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 6.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Establishment of the Corporation.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 An entity called Independent Public Business Corporation of Papua New Guinea is hereby established.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
is a corporation with perpetual succession; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 shall have a seal; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 may acquire, hold and dispose of property; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 may sue and be sued in its corporate name.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
All courts judges and persons acting in a judicial capacity shall take judicial notice of the seal of the Corporation affixed to a document, and shall presume that it was duly affixed, until the contrary is proved.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to this Act, the Directors ar
e responsible for the management and control of the business and affairs of the Corporation and the Trusts and for the performance of the functions and duties, and exercise of the powers and authorities, of the Corporation under this Act.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation shall pursue its objects and perform its functions and duties and exercise its powers and authorities\~
\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote 
\ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 
\ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 6 Subsection (5) amended by No. 30 of 2002, s. 4.}}}{
\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 \tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 [}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \i\fs24\insrsid12478462 Repealed}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 .]
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 in accordance with sound business principles and the care, diligence and skill that a prudent person of business would adopt or exercise in similar circumstances.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 7.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Objects of the Corporation.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation is to act as trustee of the Trust and hold assets vested in it as trustee for the benefit of the State subject to this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation is to succeed to, and be vested with, assets and liabilities of the Privatization Commission in 
accordance with this Act, and, without limitation, shall become trustee of any trust of which the Privatization Commission is trustee on the succession date in place of the Privatization Commission and subject to the terms of any such trust.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corpor
ation shall act as trustee of other trusts for the benefit of other persons (including trusts for the benefit of employees which may be established as part of the privatization process under the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 
\cs92\i\fs24\insrsid12478462 Privatization Act 1999}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ) with the approval of the National Executive Council and as prescribed.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 8.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Functions of the Corporation.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Corporation shall administer the Trusts and monitor the performance of the assets of the Trust in such manner as provided under this Act and shall perform such other functions as are required under this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Without limiting the generality of }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  but subject to the provisions of this Act, the Corporation \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
shall actively pursue the sale or disposal of the assets of the General Business Trust in accordance with timetables and within policy guidelines \endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid12478462 (i)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 agreed to from time to time with the Departmental Head of the Department responsible for treasury matters and approved by the National Executive Council; and

\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs111\fs24\insrsid12478462 (ii)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 published by the Corporation in the National Gazette; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
may not initiate acquisition of assets for any of the Trusts but shall acquire assets as required, authorized or permitted under this Act and may take up opportunities to acquire assets which arise as an incident of holding other assets for each
 of the Trusts and shall monitor the performance of, and exercise the responsibilities attaching to, the assets of the Trusts (including exercising voting rights); and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 may determine policies regarding \endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid12478462 (i)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 the conduct of its affairs and the affairs of any of the Trusts; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs111\fs24\insrsid12478462 (ii)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 the administration, management and control of the Corporation and any of the Trusts; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
may give such directions to and exercise such control over the Managing Director and other officers and employees of the Corporation as it thinks fit; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 has such other functions and duties as are prescribed by this Act or any other Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 9.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Powers of the Corporation.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 
\rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 
\ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 9 Subsection (1) amended by No. 30 of 2002, s. 2.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 9 Subsection (1) amended by No. 30 of 2002, s. 2.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 
Subsection\~(1A)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , the Corporation has power to do in the country or elsewhere all things necessary or convenient to be done for or in connection with or otherwise incidental to the perform
ance of its functions and duties.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1A)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 
\rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 
\ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 9 Subsection (1A) inserted by No. 30 of 2002, s. 2.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 9 Subsection (1A) inserted by No. 30 of 2002, s. 2.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Corporation shall not, of itself, or in its capacity as Trustee, effect a disposal of\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
any enterprise or business enterprise; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 any part of, or shares in, an enterprise or business enterprise, 
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
without the prior written consent of the National Executive Council.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 In its capacity as trustee of the Trusts, the Corporation has all the powers \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
in respect of each of the Trusts that it is possible to confer on a trustee; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 as if it were the absolute owner of the relevant assets and acting in its personal capacity; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 necessary for fulfilling its obligations under this Act and the terms of the relevant trust,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
but subject always to the provisions of this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (3)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 
\rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 
\ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 9 Subsection (3) amended by No. 30 of 2002, s. 2.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 9 Subsection (3) amended by No. 30 of 2002, s. 2.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Without limiting the generality of }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Subsections\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (1A)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and }{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  subject to this Act, the Corporation (both in its capacity as trustee of each of the Trusts and otherwise) has power to\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
enter into arrangements for the formation, management, acquisition, sale, restructuring or liquidation of business enterprises; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 subscribe for or otherwise acquire shares or other interests in the nature of equity in business enterprises; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 procure of cause to be allotted, issued, sold, disposed of or otherwise dealt with fully or partly paid shares, units or equity interests in business enterprises; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 receive and disburse moneys in accordance with this Act for the purpose of performing its functions; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 deal with shares, stock, units debentures, options, warrants or other securities or financial instruments or interests in relation to a business enterprise with the same power as that of a natural person; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 f}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 carry on any business or undertaking wheresoever situated; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 g}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 manage the affairs of any business enterprise or undertaking; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 h}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 enter into any contract, deed, instrument or agreement; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 i}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 deal with land, any interest in any land or any lease with the same power as that of a natural person; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 j}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 appoint attorneys, agents, nominee or representative; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 k}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 act as trustee, attorney, agent, nominee or representative; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 l}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 9 Subsection (3) amended by No. 30 of 2002, s. 2.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 \tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 [}{
\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \i\fs24\insrsid12478462 Repealed}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .]
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 m}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 exercise any right to vote or other power or right attaching to any asset; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 n}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 adopt such means of making known or advertising the activities of the Corporation as the Corporation thinks fit; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 o}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 do anything necessary or convenient for or incidental to the purpose of its functions or powers,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
each of which paragraphs shall be a separate and distinct power and none of which is to be limited by any other.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Except as expressly provided in this Act, the Corporation shall not \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 borrow or lend money
 or enter into any other financial accommodation arrangements; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 give any security over or charge assets; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 provide any guarantee, indemnity or other financial assurance with respect to any liability.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 In exercising the power of appointment referred to in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(3)(l)}{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462 , the Corporation may appoint any of the Managing Director or the Directors appointed under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~11(1)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (d)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 (inclusive) to such positions, provided that only one of such persons may be appointed to any such position in the same business enterprise.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 9A.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Powers of National Executive Council and Minister.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 9A Inserted by No. 30 of 2002, s. 3.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The National Executive Council may, following consideration of a recommendation from the Minister, 
appoint any person or persons to be members of boards of directors or other controlling or governing bodies of business enterprises, provided any such person would not be disqualified from being a director under any of }{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~11(5)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs51\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ) and (}{
\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs51\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 )(i), (iii) to (vii) inclusive or (ix).
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The National Executive Council shall determine\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
subject to the, the terms and conditions of }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Salaries and Conditions Monitoring Committee Act 1988}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, employment of the chief executive officers of the Corporation and of business enterprises; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the engagement, and terms and conditions of engagement, of consultants by the Corporation and by business enterprises.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 10.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Delegation by the Board.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The Board may, by written instrument, delegate to any person, body or company (including the Chairman, the Managing Director, any Director or committee of Directors), all or any of the Corporation\rquote 
s functions, duties, powers and authorities (except this power of delegation other than to the extent provided in this Act).
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 11.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Directors.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 11 Substituted by No. 30 of 2002, s. 5.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Directors shall comprise the following\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
a person nominated by the Papua New Guinea Trade Union Congress;
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a person nominated by the Papua New Guinea Chamber of Commerce and Industry Limited;
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a person nominated by the National Council of Women;
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a person appointed by Transparency International (PNG) Inc;
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 two persons nominated by the Minister;
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 f}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the Departmental Head of the Department responsible for justice matters, }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs51\i\fs24\insrsid12478462 ex officio}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, or a person nominated by him in writing from time to time to attend meetings and discharge the responsibilities as Director in his place; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 g}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the Department Head of the Department responsible for financial matters, }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs51\i\fs24\insrsid12478462 ex officio}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, or a person nominated by him in writing from time to time to attend meetings and discharge the responsibilities as Director in his place;
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 h}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the Managing Director, }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs51\i\fs24\insrsid12478462 ex officio}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Directors shall be appointed by the National Executive Council by notice in the National Gazette.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to this Act, a Director, other than an }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs51\i\fs24\insrsid12478462 
ex officio}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  Director\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
shall be appointed for a term of three years; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 is eligible for re-appointment.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A Director appointed under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (b)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (c)}{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (d)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  or }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (f)}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
shall, in the reasonable opinion of the Minister\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid12478462 (i)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 be competent and of sound judgment for fulfilling the duties of a Director; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs111\fs24\insrsid12478462 (ii)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 possess professional ski
lls or wide industrial or management experience, and have the ability to participate meaningfully as a Director; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs111\fs24\insrsid12478462 (iii)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
have a reputable standing within the community and be unlikely to do anything to undermine the interests of Papua New Guinea in favour of personal, business or other interests; and
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 shall not be\~\endash 

\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid12478462 (i)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 or have been convicted of any offence (or found liable civilly for any claim) involving fraud or dishonesty or which may dimini
sh the integrity or reputation of the Board nor have been charged with any such offence and be awaiting trial; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs111\fs24\insrsid12478462 (ii)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 the holder of office for longer than three consecutive terms as a Director; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs111\fs24\insrsid12478462 (iii)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 or have been a bankrupt, or have applied to take t
he benefit of any law for the relief of bankrupt or insolvent debtors, compounded with his creditors or assigned his remuneration for their benefit; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs111\fs24\insrsid12478462 (iv)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 of unsound mind as that expression is used in the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 
Public Health Act 1973}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  (Chapter 226); and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs111\fs24\insrsid12478462 (v)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 or have been struck off any professional register for disciplinary reasons; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs111\fs24\insrsid12478462 (vi)\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
an employee or officer (including director) of any business enterprise in which the Board holds any interest unless appointed to that position by the Board in accordance with this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A Director appointed under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (b)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (c)}{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (d)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  or }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (f)}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  may be removed at any time by the National Executive Council in which case, the body which nominated the Director shall nominate another person in his place.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (6) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The manner of nomination of persons referred to in  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 
Subsection\~(1)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (b)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 (c)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (d)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  shall be as prescribed.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (7) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A person may not be appointed as a Director under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection
\~(1)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (b)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 (c)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  or }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (d)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 if he is not a citizen of Papua New Guinea.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (8) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Failure to notify an appointment under this section in the National Gazette shall not invalidate the appointment.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (9) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A person may not hold simultaneously more than one position as Director.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (10) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Directors shall appoint a person other than a Director to be Secretary to the Corporation.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (11) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A Director is not a trustee of any of the Trusts but each Director shall\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 subject to
 this Act, be individually and collectively responsible for the proper management of each of the Trusts as if the Corporation were a company under the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Companies Act 1997}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , the Directors were the board of directors of that company and that company were acting as a trustee; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 before entering on his or her duties or exercising any power or authority under this Act, make a declaration of office and secrecy in the form set out in Schedule 1 in the presence of a duly qualified witness in accordance with the }
{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Oaths, Affirmations and Statutory Declarations Act 1962}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  (Chapter\~
317) and, once a secretary is appointed, deliver that declaration to the Secretary.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 12.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Chairman and Deputy Chairman.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 12 Substituted by No. 30 of 2002, s. 6.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The National Execu
tive Council shall appoint one of the Directors referred to in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~11(1)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 (b)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (c)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid12478462 (d)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  or }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (f)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 as Chairman of the Board and may revoke his appointment at any time by notice in the National Gazette.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Directors of the Board, other than the Chairman, may elect one of their members to be the Deputy Chairman of the Board.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Where, for any reason, the Chairman is unable to act, the Deputy Chairman (if any) may\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
exercise all of the powers; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 perform all or any of the functions,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
of the Chairman.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 13.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Meetings of the Board.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsections\~(2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and }{
\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (3)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, the Board shall meet as it resolves or the Chairman determines, provided that it meets at least once in each period of three calendar months.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(3)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, the Secretary shall, if requested to do so by not less than three Directors, call a meeting of the Board as soon as practicable after receiving the request.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Secretary shall give to all Directors at least seven days\rquote  notice of any meeting of the Board convened under }{
\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  or }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  personally or by post or by any other means including facsimile or electronic mail to such an address, in respect of a Director, as that Director may have notified from time to ti
me, and each Director shall notify the Secretary from time to time of at least one means of giving such notices other than by post for the most convenient and prompt receipt of such notices, generally or for any specified period.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 All Directors may agree on any occasion that the period of notice under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Subsection\~(3)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  may be reduced or waived.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 At a meeting of the Board \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
a quorum is four Directors present and able to vote; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the Chairman, or in his absence, the Deputy Chairman shall preside and in the absence of both the Chairman and the Deputy Chairman, the Directors present shall elect a Director (other than the Managing Director) to preside; and

\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 all matters shall be determined by a majority of the votes of the Directors present, able to vote and voting; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the person presiding has a deliberative vote but does not have a casting vote, and, in the event of an equality of votes on a matter, no decision is made in respect of that matter.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (6) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 In respect of each meeting of the Board \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the Chairman shall cause minutes of the meeting to be recorded and kept;  and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a draft of the minutes shall be circulated to each Director by the Secretary within 14 days of the meeting and shall be confirmed (or corrected and subsequently confirmed) a
t a Board meeting within three months of first circulation of the draft minutes; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 on confirmation, copies of the minutes (but not any supporting papers) shall be provided to the Minister and shall be available for inspection during normal business hours at the Corporation\rquote 
s principal office free of charge by any person on written application to the Secretary.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (7) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to this Act, the procedures of the Board in relation to meetings and the conduct of its business at such meeting are as determined 
by it from time to time and, without limitation, the Board may determine that meetings may be held, and resolution passed, by circulation of one or more instruments in writing or by electronic or any other medium in such manner as it determines, and, for 
the purposes of }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(6)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, any such instrument or other record containing any decision of the Board shall be taken to be confirmed minutes of the meeting of the Board to which that decision relates.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 14.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Leave of absence of Directors.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The Chairman may, on application by a Director, grant leave of absence to that Director on such terms and conditions as he determines where the reason for such absence is, in the Chairman\rquote 
s opinion, reasonable after considering the procedures adopted by the Board in relation to attendance at meetings under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~13(7)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 .
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 15.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Vacation of Office of Director.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 If a Director, other than an ex officio member \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 dies; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 becomes permanently incapable of performing his or her duties; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 resigns his or her office by writing under his or her hand addressed to the Secretary and the Minister; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 absents himself from three consecutive meetings of the Board (occurring over a period of at least five weeks between the first and the third) without leave of absence by the Chairman; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 15 Subsection (1) amended by No. 30 of 2002, s. 7.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 \tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
does not continue to be qualified to be a Director in accordance with }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~11(4)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
his appointment as Director automatically terminates.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 
\rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 
\ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 15 Subsection (2) amended by No. 30 of 2002, s. 7.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 15 Subsection (2) amended by No. 30 of 2002, s. 7.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Where it appears to all of the other Directors then in office, acting reasonably, that the conduct or reputation of any Director, other than an ex officio member, or the Managing Director is such as to\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
diminish the integrity or reputation of the Board; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 make that person unfit to hold office as a Director,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
then those other Directors may, by written notice signed by each recommend to the Minister to terminate the appointment of that Director with immediate effect.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (3 - 4)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 
\rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 
\ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 15 Subsection (2) amended by No. 30 of 2002, s. 7.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
[}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \i\fs24\insrsid12478462 Repealed}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .]
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 16.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Vacancy or defect not to affect powers or functions.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The exercise or performance of a duty, authority, power or function of the Corporation is not invalidated by reason only of a vacancy in the Board or defect in an appointment to Board.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 17.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Duties of Directors.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The Directors shall comply with the provisions of Schedule 2 and nothing in that Schedule limits the duties and responsibilities of Directors under this Act or the general law.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 18.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Disclosure of material interest.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
A Director who is directly or indirectly materially interested in a matter being considered or about to be considered by the Board shall, as soon as possible after the relevant facts have come to his knowledge, 
disclose the nature of his interest at a duly constituted meeting of the Board in sufficient detail as is reasonably necessary to enable the other Directors to decide, having regard to all the circumstances relating to the matter and the interests then kn
own, the action (if any) to be taken in relation to the relevant matter in the interests of the Corporation, the beneficiaries of the relevant Trust or any affected business enterprise in which the Corporation has an interest.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A disclosure under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 shall be recorded in the minutes of the meeting of the Board and after such disclosure the Director, interested \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
shall not take part in, or be present for, any deliberation or decision of the Board with respect to the matter; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 shall be disregarded for the purpose of constituting a quorum of the Board for any such deliberation or decision.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 For the purposes of this section, a Director is materially interested in a matter, without limitation, where the Director \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
is a party to, or will or may derive a material financial benefit from, a transaction involving the Corporation or a business enterprise in which the Corporation has an interest; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 has a material financial interest in another party to a transaction involving the Corporation or a business enterprise in which the Corporation has an interest; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 has a close relative who is such a party or who will or may derive such a material financial benefit, or who has such a material financial interest.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Secretary shall keep a register of all disclosure made and recorded in Board minutes and such register may be inspected during normal business hours at the Corporation\rquote 
s principal office free of charge by any person on written application to the Secretary.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Where, in accordance with this section, it is not possible to obtain a quorum of the other Directors in any matter, it shall be referred by the Secretary to the National Executive Council and the decision of the National Executive Council on the matter
\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
shall be taken to be a decision of the Board for all purposes under this Act; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the notice containing the decision of the National Executive Council issued by the Secretary of the National Executive Council to the Secretary shall be taken to be the minutes of the Board in relation to that matter.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 19.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Avoidance of transactions.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A transaction entered into by the Corporation in which a Director is materially interested may be avoided by the Corporation at any time within three months after
 disclosure to the Corporation of the information required by }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~18}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 . 
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A transaction can not be avoided where }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~18}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  has been complied with fully before entry into the transaction.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The avoidance of a transaction under this section does not 
affect the title or interest or a person in or to property which that person has acquired \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
from a person other than the Corporation; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 for valuable consideration; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 without knowledge of the circumstances of the transaction under which the person referred to in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Paragraph\~(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  acquired the property from, or the property was disposed of by, the Corporation.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 20.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Remuneration of Directors.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A Director (other than the Managing Director) shall be paid such annual remuneration and reasonable atte
ndance allowances as are consistent with comparable private sector non-executive board appointments and shall not be entitled to any separation or termination benefits or allowances.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 
\rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 
\ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 20 Subsection (2) substituted by No. 30 of 2002, s. 8.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 20 Subsection (2) substituted by No. 30 of 2002, s. 8.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 For the purpose of }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, the annual remuneration and attendance allowances payable to a Director shall be as certified annually by The Papuan New Guinea Institute of Directors Inc. by written notice to the Corporation and the Minister.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 20 Subsection (3) omitted by No. 30 of 2002, s. 8.}}}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 [}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \i\fs24\insrsid12478462 Repealed}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .]

\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid12478462 PART 3. \endash  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Succession of Privatization Commission by Corporation.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 21.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Succession arrangements.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 As from the succession date \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the Privatization Commission shall cease to exist for all purposes; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the Corporation succeeds to all of the assets and liabilities of the Privatization Commission notwithstanding any inconsistent or contrary provisions in the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs103\i\fs24\insrsid12478462 
Privatization Act 1999}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  in the same capacity as such assets and liabilities were vested in the Privatization Commission;  and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the following Acts are repealed:\~\endash 
\par }\pard\plain \ltrpar\s110\qj \fi-720\li2160\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin2160\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs111\fs24\insrsid12478462 (i)\tab }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs103\i\fs24\insrsid12478462 Privatization Act 1999}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and all Privatization (Amendment) Acts.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Without limiting }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  
\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
all assets and rights and all management or control of anything (including as trustee) which, immediately prior to the succession date were vested, payable to, recoverable by, or which belong to the Privatization Commission are,
 as from the succession date, transferred to, vested in, payable to or recoverable by and belong to the Corporation without any transfer, assignment, notice or assurance other than this Act and despite any other Act or law; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 all suits actions and pr
oceedings commenced and pending immediately prior to the succession date by or against the Privatization Commission are, as from the succession date, to be taken to be pending and may be carried and prosecuted by or against the Corporation, and no such su
it, action or proceeding is abated or prejudicially affected by this Act; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 all contracts (including for employment), deeds, instruments or other instruments (written or otherwise) entered into by or with the Privatization Commission and in force imme
diately prior to the succession date are, as from the succession date, to be taken to be contracts, deeds, instruments or other instruments entered into by or with the Corporation; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 all State appropriations in the name, or for the benefit, of the Privatization Commission shall, as from the succession date, accrue to, and be for the benefit of, the Corporation.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 22.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Transitional Provisions.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 Notwithstanding any other provisions of this Act and of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Privatization Act 1999}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, the Corporation has all the p
owers, authorities, duties and functions in relation to assets, liabilities and other matters and things to which it succeeds under this Part as the Privatization Commission had (in any capacity) immediately prior to the repeal of the }{\rtlch\fcs1 
\ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Privatization Act 1999}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and other Acts under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~21(1)(c)}{
\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid12478462 PART 4. \endash  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Officers and Employees of the Corporation.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 23.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Appointment of Managing Director.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 23 Substituted by No. 30 of 2002, s. 9.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Managing Director of the Corporation shall be appointed by the Head of State, acting on advice, by notice in the National Gazette.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Managing Director shall be appointed for such period (not exceeding four years) and, subject to the  }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 
\cs103\i\fs24\insrsid12478462 Salaries and Conditions Monitoring Committee Act 1988}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , on such terms and conditions including salary and allowances as the Board thinks fit.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 24}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\caps\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 24 Repealed by No. 30 of 2002, s. 10.}}}{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \caps\fs24\insrsid12478462 .\tab [}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \i\caps\fs24\insrsid12478462 Repealed}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 .]
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 25.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Removal of Managing Director.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 25 Substituted by No. 30 of 2002, s. 11.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Managing Director may be removed from his position with or without cause by the Head of State, acting on advice, by notice in the National Gazette.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 26.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Interim arrangements regarding privatization commission.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The Corporation shall have access to and shall use the resources and staff of the Privatization Commission until the succession date at no cost to the Corporation.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 27.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Powers, duties and functions of the Managing Director.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The Managing Director shall have and perform such powers, duties, functions and authorities as the Board from time to time determines, subject to the terms and conditions of his contract of employment.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 28.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Delegation by the Managing Director.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The Managing Director may delegate to any person or body, any or all of his or her powers, duties, functions and authorities (except this power of delegation) where such delegation by the Managing Director is expressly authorized 
\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 under law; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 by the Board.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 29.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Appointment of officers.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Corporation shall appoint such officers and employees of the Corporation as are necessary for the purpose of the performance and administration of the Corporation\rquote s powers, duties and functions under this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 An officer or employee appointed in accordance with }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462 , (excluding the Managing Director) shall be officers of the public service and service as an officer or employee of the Corporation shall be taken to be service as a public servant for all purposes.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 29 Subsection (3) omitted by No. 30 of 2002, s. 12.}}}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 [}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \i\fs24\insrsid12478462 Repealed}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .]

\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 30.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Initial Officers.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The initial office
rs, employees and other staff or the Corporation are to be the persons who immediately prior to the succession date, were engaged and employed by the Privatization Commission.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The terms of engagement or employment of a person referred to in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 are transferred and assigned to or vested in the Corporation in place of the Privatization Commission on and from the succession date without any transfer, assignment, notice or assurance other than this Act and notwithstanding the terms of any such en
gagement or employment or of any other Act or law, such engagement or employment contract continues to operate with the benefits and liabilities of that engagement or employment accruing to the Corporation instead of the Privatization Commission in accord
ance with this Act.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Notwithstanding anything in any other Act, where an officer or employee or the Corporation was, immediately before his appointment, an officer or an employee of the public service or the Privatization Commission, his service as an of
ficer or employee of the public service or the Privatization Commission shall be counted as service with the Corporation for the purposes of determining his or her rights (if any) in respect of \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
leave of absence on the ground of illness; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 long leave of furlough or pay instead of long leave of furlough (including pay to dependants on the death of the officer).
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 For the purposes of }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(3)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, all entitlements previously accrued, or accruing by reference to the period prior to the date
 of employment by the Corporation shall be the responsibility of, and payable by, the State and not out of the IPBC Working Capital Fund or other funds held by the Corporation.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Nothing in this Part allows a person to claim or receive benefits twice in respect of the same entitlement.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid12478462 PART 5. \endash  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Trusts.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 31.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Establishment of Trusts.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A trust to be called The Papua New Guinea General Business Trust (or such other name as the Corporation may determine from time to time) is hereby established.

\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 From tim
e to time, other trusts may be established by regulation under this Act (after consultation with the Corporation) for the benefit of any persons (including, without limitation, the State or employees of business enterprises) prescribing the terms applicab
le to any such trust, and such terms may be amended from time to time by subsequent regulation.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
At any time, before or after the commencement date, the Minister may, by notice in the National Gazette, vest certain assets and liabilities (including inter
ests in business enterprises) in the Corporation as trustee of any of the Trusts with effect on and from the commencement date or such later date as specified in the notice.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to this Act, income or other accretions derived from the assets of eac
h of the Trusts become part of the relevant Trust.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 32.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Corporation to be trustee of the trusts.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The Corporation shall be the trustee of each of the Trusts, and all moneys belonging to each of the Trusts shall be invested or dealt with by the Corporation in accordance with this Act.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid12478462 PART 6. \endash  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Finance.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 33.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Capital.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The capital of the Corporation consists of \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
such sums as are advanced to the Corporation for its capital account out of moneys appropriated by any Act for that purpose; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the aggregate net amount or value of all assets less all liabilities as, in each case, are assumed by, vested in or transferred to the Corporation under this Act, or to which the Corporation succeeds under }{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~21}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , in its own capacity and not as trustee of any Trust; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 accretions and diminution accruing to the Corporation\rquote s capital account by application of the accounting principles applicable to the Corporation under this Act which are not otherwise dealt with under this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 34.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 General Reserve Fund.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Corporation shall establish and maintain a general reserve fund for itself, to be called the IPBC Working Capital Fund, consisting of such sums as are placed to the credit of that fund pursuant to this Part.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Any case or other liquid assets readil
y convertible into cash, together with any proceeds of appropriations, of the Privatization Commission to which the Corporation succeeds in its own capacity and not as trustee of any Trust under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~21}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  shall be credited to the IPBC Working Capital Fund.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 35.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Dealing with profits.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
At the end of each financial year or at such other times as the Corporation may from time to time require, the net profit of each of the Corporation and of the General Business Trust, after audit by the Auditor-General, for 
that financial year or for the relevant period, as is available in cash maintained in an account, or otherwise as liquid assets readily convertible into cash, in accordance with this Act, after making provision for such contingencies and accounting provis
ions as the Corporation may determine, shall be dealt with as follows :\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
such amount as the Corporation may determine as sufficient to allow the Corporation to operate effectively in accordance with its operating budget approved under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~37}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  (less any amounts previously credited under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(4)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, shall be placed to the credit of the IPBC Working Capital Fund;
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the balance (if any) shall be paid into and form part of the Consolidated Revenue Fund.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 No amount shall be paid into the Consolidated Revenue Fund under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)(b)}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  where, in the opinion of the Board, the assets of the Corporation are, or after the payment would be, less than the sum of its liabilities.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A receipt, given by the Departmental Head of the Department resp
onsible for treasury matters, or by a person duly authorized by him for this purpose, for moneys paid into the Consolidated Revenue Fund, shall constitute sufficient evidence of such payment and a full discharge of the Corporation\rquote 
s obligation to make the payment under this Part.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Pending the application of }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  in respect of any period, the Corporation may credit any moneys received by the General Business Trust to the IPBC Working Capital Fund provided that the Board is reasonably satisfied t
hat the aggregate amount of such credits for that period will not exceed the amount that would otherwise be credited in respect of that period to the IPBC Working Capital Fund under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 
Subsection\~(1)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  assuming there were no amounts so credited under this subsection.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 To the extent that the aggregate amount credited under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 
Subsection\~(4)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  in any relevant period exceeds the aggregate amount that would otherwise be so credited under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)(a)}{
\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , assuming there were no credits under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(4)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , in res
pect of that period, then the excess shall be debited from the IPBC Working Capital Fund and paid into the Consolidated Revenue Fund as soon as such payment can practically be made and committed expenditures under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~37(4)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  can be met in a timely manner in accordance with this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 36.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Bank accounts and cheques.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Corporation shall open and maintain accounts within the country or elsewhere with such bank or banks as it may from time to time determine to be required for its purposes.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to this Act, the Corporation shall pay all moneys received by it into an account referred to in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Cheques or any other negotiable instrument drawn on any bank account of the Corporation shall be signed in the manner determined by the Corporation from time to time.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 37.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Expenditure.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Corporation shall, not later than three months before the end of each financial year, submit to the Departmental Head of the Department responsible for treasury matters an operating budget including \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
estimates of the receipts and expenditure of the Corporation for the next financial year; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 its proposed program (if any) for that financial year, itemized separately in respect of each of the Trusts, and identifying any expenditure to be charged aga
inst the assets of the particular Trust to which they relate, as approved by the Board after consultation with, and in such form as reasonably required by, the Departmental Head of the Department responsible for treasury matters.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Any disagreement in re
lation to the appropriateness or quantum of any expenditure item in the operating budget between the Corporation and the Departmental Head of the Department responsible for treasury matters shall first be discussed between the two, and if such disagreemen
t
 is not resolved not later than one month before the end of the relevant financial year, then the matter shall be referred for determination by a person nominated by the Papua New Guinea Institute of Accountants, whose decision shall be final, and whose c
osts shall be paid by the State.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Corporation shall be funded by the State through the Department responsible for treasury matters to the extent sufficient for the responsible conduct of its functions and duties but to an extent at least sufficient t
o meet the operating budget approved under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  after any adjustment required under }{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and to the extent that those commitments and expenses are not met in accordance with }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Subsections\~(4)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (5)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation shall debit to the IPBC Working Capital Fund \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the remuneration, benefits and allowances paid to Directors (including the Managing Director); and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the salaries or other remuneration, benefits and allowances paid to officers or employees of the Corporation; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 payments required to be made by the Corporation expressly by this Act or in making any notification or publication in the National Gazette required of the Corporation, a Director or the Secretary by this Act; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 other expenses and payments (including a
ny expenses or payments made by the Corporation in the resolution of disputes to which the Corporation is party) incurred in administering the Trusts and carrying out its duties and functions under this Act as are set out in an operating budget approved u
nder this section which are not charged directly against the assets of a particular Trust under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(5)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 ; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 any other expenses approved by the Departmental Head of the Department responsible for treasury matters.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation shall charge
 expenditure which is incurred for the benefit of beneficiaries of a particular Trust and identified as such in an approved operating budget against the assets of that Trust and \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
may realize assets of that particular Trust for this purpose notwithstanding any other provision of this Act; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 expenditure for the benefit of more than one of the Trusts or for one or more Trusts and the Corporation in its own capacity may be apportioned on such reasonable basis as the Board determines and sets out in a
n approved operating budget and shall be charged accordingly.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (6) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
In relation to the first financial year of the Board, the Managing Director shall prepare an operating budget for that first financial year to 31 December and submit it to the National Execu
tive Council, and, on approval by the National Executive Council, it shall be deemed to be an approved operating budget for all purposes under this Part.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (7) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 An approved operating budget under this section may be varied by agreemen
t between the Corporation and the Departmental Head of the Department responsible for treasury matters and, in the absence of agreement within one month of each request for variation being made by the Corporation, the operating budget shall be taken to be
 varied only if a person appointed in the same manner as set out in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  certifies that \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the additional expenditure associated with the variation can be met from the IPBC Working Capital Fund after allowing for all other debits from that fund then made or anticipated under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 
Subsection\~(4)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (e)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 (inclusive); or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 that the expenditure would otherwise be able to be met in accordance with }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(5)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 and any variation agreed or so certified shall be taken to be part of an approved operating budget for all purposes under this Part.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 38.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Loans by the State.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The National Executive Council m
ay direct the Minister responsible for treasury matters to offer loan moneys from the State to the Corporation but only for the purpose of acquiring assets to be vested in or transferred to the Corporation under this Act on such terms that are approved by
 the National Executive Council.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation may accept any such offer and shall repay each such loan in accordance with the terms on which that loan under }{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  is made.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 39.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Other loans and facilities.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation may, with the prior consent of the National Executive Council, borrow money but only for the same purpose as set out in }{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~38}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  from persons other than the State on terms that are agreed between the Corporation and that person and approved by the National Executive Coun
cil.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation shall repay such loans made under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462  in accordance with the terms upon which each such loan was made.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation may, with the prior consent of the National Executive Council, enter into other financial facilit
ies and accommodations (including overdrafts) for purposes other than that set out in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~38}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 within such limits and for such purposes as are prescribed by regulation from time to time, and the application, consent and any approved limits and purposes shall be published by the Corporation in the National Gazette.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 40.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Application of loan proceeds.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The proceeds of any loan or borrowing or other financial accommodation obtained by the Corporation in its capacity as trustee of any of the Trusts become as
sets of that trust.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The proceeds of any loan or borrowing or other financial accommodation obtained by the Corporation otherwise than in its capacity as trustee of any of the Trusts shall be paid into such fund as shall be required to be established un
der the terms and conditions of the arrangements accepted by the Corporation in respect of such loans or borrowings, or otherwise the IPBC Working Capital Fund.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 41.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Investments.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 In this Section \endash 
\par }\pard\plain \ltrpar\s46\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\cs45\b\fs24\insrsid12478462 \'93approved bank\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means a bank carrying on business in the
 country and approved for the purposes of this section by the Departmental Head of the Department responsible for treasury matters by notice in the National Gazette;
\par }{\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \cs45\b\fs24\insrsid12478462 \'93authorized short-term market\'94}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  means the group of dealer companies that are authorized by 
the Bank of Papua New Guinea to be approved dealers in short-term loans and towards which that bank acts as lender of last resort.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Moneys of the Corporation held in any capacity under this Act that are not immediately required may be invested \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 in 
any securities of, or guaranteed by, the State; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 on deposit with an approved bank; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 in the securities of an authorized short-term market; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 any other manner approved by the Departmental Head of the Department responsible for treasury matters; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 in the case of moneys held as trustee of a Trust, in assets authorized by the prescribed terms of that Trust.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 42.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Application of moneys.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The moneys of the Corporation may be applied only in payment or discharge of expenses, obligations and liabilities of the Corporation arising under this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 43.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Accounts and records.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation shall cause to be kept proper accounts of its transactions and affa
irs, and shall do all things to ensure that all payments out of its moneys are correctly made and properly authorized and that adequate control is maintained over its assets, or assets in its custody and over the incurring of liabilities by it.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The accounts and records required by }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  shall be kept in accordance with the accounting principles generally applied in commercial practice.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The moneys, accounts and records of the Corporation in each of its various capacity under this Act shall b
e kept separate from those of the Corporation in its other capacities, except as authorized by this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 44.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Audit.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Without limiting his powers and functions under the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs92\i\fs24\insrsid12478462 Audit Act 1989}{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462 , the Auditor-General shall inspect and audit the accounts and records
 of financial transactions of the Corporation and the Trusts and records relating to the assets of the Corporation and the Trusts, and assets in the Corporation\rquote 
s custody and shall promptly draw the attention of the Minister to any matter disclosed by the inspection and audit that is, in the opinion of the Auditor-General, of sufficient importance to justify his doing so.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Auditor-General may, in his discretion, dispense with any part of the detailed inspection or audit of any accounts or records referred to in }{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Auditor-General shall, at least once in each year, report to the Minister the results of the inspection and audit carried out in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  and the particulars of any discretion exercised under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 .
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Th
e Auditor-General may, at his discretion, for the purpose of assisting him in an audit and inspection under this section, employ a registered company auditor who shall act under the direction of the Auditor-General and on the terms and conditions determin
ed by the Auditor-General as a person authorized by the Auditor-General for the purposes of this section.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Auditor-General or a person authorized by him is entitled at all reasonable times to full and free access to all accounts, records, documents a
nd papers of the Board and of the Trusts relating directly or indirectly to the receipt of payment of moneys by it, or to the acquisition, receipt, custody or disposal of assets by it.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (6) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Auditor-General or a person authorized by him may make copies o
f, or take extracts from, any such accounts, records, documents or papers.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (7) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Auditor-General or a person authorized by him may require any person to furnish him with such information in his possession or control as the Auditor-General or authorized p
erson thinks necessary for the purposes of the functions of the Auditor-General under this Act, and the person shall comply with the requirement.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (8) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 For the purposes of this section, references to the \'93Corporation\'94 include each subsidiary company of the C
orporation within the meaning given to that expression in relation to a public body under Section 1A of the Public Bodies (Financial Administration) Act (Chapter 6).
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (9) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A person, who contravenes }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(7)}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , is guilty of an offence.
\par }\pard\plain \ltrpar\s87\qj \fi-1083\li1797\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1797\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 Penalty:\tab A fine not exceeding K1,000.00.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 45.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Reports and financial statements.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation shall as soon as practicable after 31 December each year, but within three months of that date, prepare and furnish to \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 the Minister; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the National Executive Council,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
a report on the operations of the Corporation for the year ended 31 December preceding, together with financial statements in respect of that year.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Financial statements under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  shall be in the form, and in accordance with principles, generally applied in commercial practice.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Before furnishing financial statements in accordance with }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 
Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , the Board shall submit them to the Auditor-General who shall report to the National Parliament in accordance with Part II of the }{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 
\cs92\i\fs24\insrsid12478462 Audit Act 1989}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , and where such report has not been completed prior to the expiry of the period specified in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , the unaudited financial statements shall be so furnished in accordance with }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection
\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and be clearly marked as \'93unaudited\'94 and the audited financial statements shall then be furnished as soon as it is available.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Except as provided in this Act, the report of the Auditor-General shall be included in any reproduction of the report or financial statements for publication or other purpose.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The first report and financial statement shall be for that part of the finan
cial year commencing on the commencement date until 31 December following.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (6) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Minister shall cause the report and financial statements (whether audited or unaudited), together with the report from the Auditor-General (in the case of audited financial 
statements), or separately from such audit report (in the case of unaudited financial statements), to be published and presented to the National Parliament within seven sitting days after their receipt in each case by the Minister, and shall cause the fac
t
 of their receipt to be advertised widely in a newspaper published nationally, and copies of such report and financial statements and any applicable audit report shall be made available by the Corporation at the cost of their reproduction to any person re
questing them by written application to the Secretary.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (7) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Any failure by the Corporation to comply with }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsections\~
(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  or }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 (3)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  (as applicable) shall cause the appointments of each of the Chairman and the Managing Director as Director and Managing Dire
ctor respectively to terminate automatically one month after such failure and neither shall be eligible for reappointment at any future time, unless a judge of the National Court is satisfied by the relevant Director in each case within that period that s
uch failure on his part ought fairly to be excused as having been caused by circumstances beyond his control or direction.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (8) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Management accounts for the most recent calendar quarter and the financial year to date prepared to professional standards and rol
ling three year financial projections for the Corporation shall be provided to the Departmental Head of the Department responsible for treasury matters within 30 days of the end of each calendar quarter commencing in respect of the first calendar quarter 
ending 31 December.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 46.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Liability to taxation and duties.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Corporation is not liable to pay taxes, duties, fees, charges, rates, excise or other impost of any kind charged or imposed under any law except for legislation enacted by the National Parliament specifically to amend or repeal this section.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The transfer to or vesting in the Corporation of any assets or liabilities, is not liable for any taxes, duties, fees, charges, rates, excise or any other impost of any kind charged or imposed under an
y law except for legislation enacted by the National Parliament specifically to amend or repeal this section.
\par }\pard\plain \ltrpar\s85\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs84\fs24\insrsid12478462 PART 7. \endash  }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Miscellaneous.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 47.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Indemnity.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, every Director is indemnified and held harmless by the State against all actions, proceedings, suits, claims or demands in any jurisdiction arising out of any act, matter of thing done or omission, by that person for the purpose of carrying out or givin
g
 effect to the Act or done or omitted without negligence and in good faith purporting to act or make such omission for the purposes of this, except, in either case, where the person has contravened or caused a contravention of a provision of this Act in s
o doing or omitting to act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 From time to time, }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 may be amended, repealed, added to or otherwise varied by regulation altering the terms and conditions of any indemnity under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  or providing for the better administration or operation of }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 including, without limitation, making provision for \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the conduct of any civil claim or court proceedings by the State; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the funding of any claims or proceedings pending the establishment of liability of the State under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  (after any appeal process is exhausted); or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the co-operation of the indemnified party with the State in relation to any such civil claim or proceeding at the cost of the State; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a mechanism for determining the amount payable to the indemnified party without resort to litigation; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 appointment of legal representatives,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
provided however that no regulation shall apply to any Director or to any event or circumstance arising during that Director\rquote s then current, or any previous, term of office without that Director\rquote s express written agreement.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Nothing in this section prevents the Corporation being indemnified out of the assets of any Trust in its capacity as trustee of that Trust, whether under general law or the prescribed terms of that Trust.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 48.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Offices.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation may establish and maintain offices in any place in the country as the Corporation from time to time decides, and may discontinue any such office.

\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The Corporation is to designate one of the offices (where it
 maintains more than one) as its principal or head office and that office shall be situated in Port Moresby.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 49.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 No state guarantee.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~47}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and }{
\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , the State shall not guarantee or indemnify the Corporation or any other party
 in respect of any asset or liability (including any overdraft or other financial accommodation) of the Corporation.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Where any guarantee or indemnity has previously been given by the State in respect of any assets or liabilities which have been assumed
 by, vested in or transferred to the Corporation, such guarantee or indemnity shall remain in full force and effect.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 50.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Vesting and transfer.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 All assets and liabilities held by any of \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the Privatization Commission; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the State; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the People\rquote s Unit Trust; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 d}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a statutory body established by Act; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 e}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a Department of State or office within such Department; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 f}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a corporation wholly owned by any of the bodies referred to in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Paragraphs\~(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  to }{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid12478462 (e)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  inclusive,
\par }\pard\plain \ltrpar\s78\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
which are notified in the National Gazette by the Minister under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~31}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, whether before or after the commencement date, or which may otherwise be vested in or transferred to the Corporation for the purposes of this Act by the Minister by notice in the National Gazette, are
 taken to have been vested in and transferred to the Corporation to be held as trustee of the General Business Trust or in such other capacity specified in such notification under this Act (as the case may be) on and from the commencement date or such lat
er date as specified in the notice.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Notwithstanding the requirements of }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 , assets and liabilities may be vested in and transferred to the Corporation to be held as trustee of the relevant Trust or in such other specified capacity under this Act by any of the entities described in }{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (f)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462  (inclusive) in any manner effective at law and notified in the National Gazette by the Corporation.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Notwithstanding any other Act or law, all assets and liabilities referred to in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Subsections\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (2)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 shall vest in the Corporation, and the legal and equitable title to such assets and liabilities shall not be affected by any failure to comply with, or contravention of any such Act or law or lack of procedure or process and Acts or laws 
which may impede or constrain the effectiveness of this subsection may be amended or repealed by regulation to the extent necessary to give effect to this subsection.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Any assets, liabilities or interests vested in or transferred to, the Corporation pur
suant to this Act may be assumed, vested or transferred subject to caveats or other terms and conditions attaching to specific assets, liabilities or interests and any such caveats or terms and conditions shall be included in the relevant notice in the Na
tional Gazette.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 51.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 No breach of contracts, etc.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The operation of any of Part III or }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~31}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  and }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~50(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  is not be regarded as \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
prejudicially affecting, or a breach of or a default under, any contract, deed, instrument or agreement (written or otherwise) or otherwise a civil wrong; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a breach of or default under any provision of any contract, deed, instrument, or such agreement prohibiting, restricting or regulating the assignment or transfer of assets, rights or liabilities; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 giving
 rise to any remedy by a party to, or causing or permitting the termination or discharge of, any contract, deed, instrument or such agreement or any judgment, order and process of a court which creates, modified or extinguishes assets, rights or liabiliti
es (or which would do so if lodged, filed or registered in accordance with any law), because of a change in the beneficial or legal ownership or any asset, right or liability.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 52.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 State Charges.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 In respect of any assumption by, transfer to, acquisition by, 
vesting in or entering into by the Corporation of any assets, liabilities, right, contracts, deeds, instrument, agreements or other matters or things under this Act, any registration, lodgement or other fees or amounts of any description which might be pa
yable under any Act (other than this Act) by the Corporation are not payable.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 53.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Notice of dealings.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 Any person required by any Act or law to make or enter a note or memorial or make any entry in any register, record or book or any instrument of title rela
ting to assets, liabilities, rights, contracts, deeds, instruments, agreements or any other matter or thing assumed by, transferred to, acquired by, vested in or taken to be entered into by the Corporation under Part III or }{\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs96\fs24\insrsid12478462 Sections\~31}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  or }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~50(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 sha
ll, upon request of the Corporation, register or note the assumption by, transfer to, acquisition by, vesting in or entry into by the Corporation for or with respect to any such asset, liability, right, contract, deed, instrument, agreement or other matte
r or thing to which the Corporation is entitled under Part III or }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Sections\~31}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  or }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 Section\~50(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 , and for that purpose, may make every entry, cancellation and correction in any register, record or book or instrument in that person\rquote 
s custody or under that person\rquote s control and do and execute any such acts and things as to that person appear necessary and proper.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 54.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Attorney.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The Corporation may, by in
strument under its seal, appoint a person (whether within or outside the country) to be its attorney and, subject to the instrument, a person so appointed may do any act or exercise or perform any power or function which he is authorized by the instrument
 to do, exercise or perform.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 55.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Mode of making contracts, etc.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Contracts, deeds or other instruments on behalf of the Corporation may be made, varied or discharged in accordance with this section, and any contract, deed or other instrument, so made is 
effectual in law, and is binding on the Corporation and all other parties to the contract, deed or other instrument their heirs, successors, assigns, executors and administrators.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A contract, deed or other instrument that, made between private persons,
 would by law be required to be in writing under seal may be made, varied or discharged in the name on behalf of the Corporation in writing under the seal of the Corporation.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A contract, deed or other instrument that, made between private persons, woul
d by law be required to be in writing and signed by the parties to be charged with it may be made, varied to discharged in the name and on behalf of the Corporation in writing signed by a person acting with the express or implied authority of the Corporat
ion.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
A contract that, if made between private persons, would by law be valid although made by parol only, may be made, varied or discharged by parol in the name and on behalf of the Corporation by a person acting with the express or implied authority of
 the Corporation.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (5) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
This section does not invalidate a contract, deed, instrument or agreement executed on behalf of the Corporation by a duly appointed attorney of the Corporation if the contract will be valid if executed by the attorney on his own behalf.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 56.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Successors to director nominators.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 In the event that any appointor under }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~11(1)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs96\fs24\insrsid12478462 (d)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  (inclusive) shall cease to exist without there being any successor person, association or corporation, an appointment to be made by that appointor unde
r this Act may instead be made by such other person, association or corporation as the continuing appointors in }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(1)(a)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
 and }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 (d)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  (inclusive) may unanimously nominate to the Corporation as the successor person, association or corporation, and \endash 

\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
any such nomination shall be notified in the National Gazette by the Corporation, and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 once so notified, that person, association or body shall be deemed to be the successor of the named appointor for the purposes of this Act.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 57.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Custody of corporation seal.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The seal of the Corporation is to be in the custody of the Secretary or any other person appointed by the Corporation.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 The seal must be used only by the authority of the Board and may be affixed by the Chairman, the Managing Director, the S
ecretary or any other person authorized to do so by the Chairman.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Every document or writing to which the seal is affixed shall be signed by a Director or any person appointed by the Board for the purpose of signing documents or writings to which the se
al is affixed generally, or that particular document or writing, and is to be countersigned by another of any of the Directors or such persons.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 58.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Authentication of documents.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The fact that a document or writing has affixed to it the seal of the Corporati
on and has been signed is evidence, and, in the absence of evidence of the contrary, is conclusive evidence that the document or writing has been duly sealed by the Corporation.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 59.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Political Influence.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 No Minister, member of the National Parliament or
 any member of a Provincial or Local-level Government may seek to direct or influence the exercise by a Director of his or her duties, powers or judgments or any Board decision other than through a written communication that is tabled concurrently in the 
National Parliament if it is in session or otherwise with the Speaker of the National Parliament (who shall table any such communications in the National Parliament at the next opportunity).
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A Director who receives any representations made by or on beha
lf of such persons shall record the fact of, and the content of, such representations at the next Board meeting and table copies of any written communications containing such representations at the Board meeting and with the Speaker of the National Parlia
ment within seven days of receipt.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Where a Director fails to comply with }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subsection\~(2)}{
\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  \endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
his appointment as Director is automatically terminated; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 he is not eligible for re-appointment.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (4) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
The Secretary shall establish and maintain a register containing the records of such representations and copies of such communications which shall be open for inspection during normal business hours at the Corporation\rquote 
s principal office by any person without charge on written application to the secretary.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 59A.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Application of Section 3, 50 and 59.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Section 59A Inserted by No. 1 of 2007, s. 15.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Section 3 does not apply to limit in any way or prevent the State from exercising its rights in respect of an acquisition of assets from the Corporation pursuant to Section 8 of the Petromin PNG Holdings Limited Authorisation Act 2007.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs113\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Any assets which are to be transferred by the Corporation under Section 8 of the Petromin PNG Holdings Limited Authorisation Act 2007.
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs113\fs24\insrsid12478462 (3) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Section 59 does not apply to anything done or effected in respect of a transfer of assets by the Corporation pursuant
 to Section 8 of the Petromin PNG Holdings Limited Authorisation Act 2007.
\par }\pard\plain \ltrpar\s58\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \cs102\caps\fs24\insrsid12478462 60.\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \caps\fs24\insrsid12478462 Regulations.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 The Head of State, acting on advice, may make regulations not inconsistent with this Act, prescribing all matters that by this Act are required or permitted to be p
rescribed whether necessary or convenient to be prescribed for carrying out or giving effect to this Act or for the better or more convenient attainment by the Corporation of its objects.
\par }\pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \sect 
}\sectd \ltrsect\binfsxn2\binsxn2\linex0\headery1000\footery1000\endnhere\sectdefaultcl\sftnbj {\headerl \ltrpar \ltrrow\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl
\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx720\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640
\pard\plain \ltrpar\s59\qj \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\field{\*\fldinst {\rtlch\fcs1 
\ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  IF }{\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  STYLEREF "Schedule No" \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\noproof\insrsid2718897 2}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  > 0   "Sch. }{\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 
\b\fs24\insrsid12478462 STYLEREF "Schedule No" \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid2718897 2}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 
\ltrch\fcs0 \b\fs24\insrsid12478462 " "" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid2718897 Sch. 2}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462 \cell }\pard \ltrpar\s59\qc \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \i\fs24\insrsid12478462 
Independent Public Business Corporation of Papua New Guinea 2002}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx720\clvertalt\clbrdrt
\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\row }\pard \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 
\par }}{\headerr \ltrpar \ltrrow\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft720\trkeep\trftsWidth1\tblind720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil 
\cellx8640\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx10080\pard\plain \ltrpar\s59\qc \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 
\rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \i\fs24\insrsid12478462 Independent Public Business Corporation of Papua New Guinea 2002}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \cell }\pard \ltrpar\s59\qr \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 {\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  IF }
{\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  STYLEREF "Schedule No" \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid2718897 2}}}\sectd \ltrsect
\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462  > 0   "Sch. }{\field{\*\fldinst {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 STYLEREF "Schedule No" \\* MERGEFORMAT }}{\fldrslt {
\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid2718897 2}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\insrsid12478462 " "" \\* MERGEFORMAT}}{\fldrslt {
\rtlch\fcs1 \ab\af40\afs24 \ltrch\fcs0 \b\fs24\lang1024\langfe1024\noproof\insrsid2718897 Sch. 2}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \cell }\pard\plain \ltrpar
\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 \trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft720\trkeep\trftsWidth1\tblind720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil 
\cellx8640\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx10080\row }\pard \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 {\rtlch\fcs1 \af40\afs24 
\ltrch\fcs0 \fs24\insrsid12478462 
\par }}\pard\plain \ltrpar\s99\qc \li0\ri0\sb240\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 SCHEDULE }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs100\fs24\insrsid12478462 1}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  \endash  Declaration of Office and Secrecy.
\par }\pard\plain \ltrpar\s101\qr \li0\ri0\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Act. }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~11(14)(b)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sb480\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 Declaration of Office and Secrecy.
\par I,                        , do solemnly and sincerely declare that:
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
I will well and truly serve the and its peoples Independent State of Papua New Guinea in the office of the Independent Public Business Corporation;
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 I will at all times maintain secrecy in relation to the affairs of the Corporation, the D
irectors and of the Trusts and, in particular that I will not directly divulge any information that comes to my knowledge in the performance of my functions as a Director, except by authority of the Directors or under compulsion or obligation of law.

\par \ltrrow}\trowd \irow0\irowband0\ltrrow\ts11\trgaph108\trleft-100\trkeep\trhdr\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone 
\cltxlrtb\clftsWidth3\clwWidth4420\clshdrawnil \cellx4320\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth5220\clshdrawnil \cellx9540\pard\plain \ltrpar
\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 DECLARED AT\cell 
________________________\cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \trowd \irow0\irowband0\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trhdr\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth4420\clshdrawnil \cellx4320
\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth5220\clshdrawnil \cellx9540\row \ltrrow}\trowd \irow1\irowband1\ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth4420\clshdrawnil \cellx4320
\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth5220\clshdrawnil \cellx9540\pard\plain \ltrpar\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 
\af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Dated:\cell (Signature of Declarant)\cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\trowd \irow1\irowband1\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone 
\cltxlrtb\clftsWidth3\clwWidth4420\clshdrawnil \cellx4320\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth5220\clshdrawnil \cellx9540\row \ltrrow}\pard\plain \ltrpar
\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Before me:\cell 
\cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \trowd \irow2\irowband2\ltrrow\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone 
\clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth4420\clshdrawnil \cellx4320\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth5220\clshdrawnil \cellx9540\row \ltrrow}\pard\plain \ltrpar
\s120\qj \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \cell }\pard \ltrpar
\s120\qr \li0\ri0\sa120\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 __________________________
\par (Signature of person before
\par whom Declaration is made)\cell }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 \trowd \irow3\irowband3\lastrow \ltrrow
\ts11\trgaph108\trleft-100\trkeep\trftsWidth1\trpaddl108\trpaddr108\trpaddfl3\trpaddfr3\tblind8\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth4420\clshdrawnil \cellx4320
\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth5220\clshdrawnil \cellx9540\row }\pard\plain \ltrpar\s99\qc \li0\ri0\sb240\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 
\ab\af40\afs26\alang1025 \ltrch\fcs0 \b\caps\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 SCHEDULE }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs100\fs24\insrsid12478462 2}{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  \endash  .
\par }\pard\plain \ltrpar\s101\qr \li0\ri0\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Act. }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Section\~17}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
\par }\pard\plain \ltrpar\s33\qj \li0\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs34\fs24\insrsid12478462 Sch. 2.1.}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462   Duty to act in good faith and in best interest of the corporation.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs108\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
Subject to Paragraph b, a Director, when exercising powers or performing duties, shall act in good faith and in what the Director believes to be the best interest of the Board.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs108\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Wh
en exercising powers or performing duties as a director or the like of a business enterprise (whether wholly or partly owned by the Board), the Director may act in a manner in which he or she believes is in the interests of the Board though it may not be 
in the best interests of that business enterprise.
\par }\pard\plain \ltrpar\s33\qj \li0\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs34\fs24\insrsid12478462 Sch. 2.2.}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Directors to comply with Act.
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
A Director shall not act, or agree to the Corporation acting, in a manner that contravenes this Act or the terms of any of the Trusts.
\par }\pard\plain \ltrpar\s33\qj \li0\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs34\fs24\insrsid12478462 Sch. 2.3.}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Director\rquote s duty of care.
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
A Director, when exercising powers or performing duties, shall exercise the case, diligence and skill that a reasonable person would exercise in the same circumstances taking into account, but without limitation\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the nature of the Corporation; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the nature of the decision including the capacity in which the Corporation is acting; and 
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the position of the Director and the nature of the responsibilities undertaken by him or her.
\par }\pard\plain \ltrpar\s33\qj \li0\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs34\fs24\insrsid12478462 Sch. 2.4.}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Use of information and Advice.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs108\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Subject to }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Clause\~2}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  of }{\rtlch\fcs1 
\af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Schedule\~2}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
, a Director, when exercising powers or performing duties, may rely on reports, statements and financial data and other information prepared or supplied, and on professional or expert advice given, by any of the following:\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 an employee of
 the Board whom the Director believes on reasonable grounds to be reliable and competent in relation to the matters concerned;
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 a professional advisor or expert in relation to matters which the Director believes on reasonable grounds to be within the person\rquote s professional or expert competence; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 any other Director or Committee of Directors upon which the Director did not sere in relation to matters within that other Director\rquote s or committee\rquote s delegated authority.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs108\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs96\fs24\insrsid12478462 Subclause\~(1)}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462  applies to a Director only where the Director\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 acts in good faith; and

\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 makes proper inquiry where the need for inquiry is indicated by the circumstances; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 has no knowledge that such reliance is unwarranted.
\par }\pard\plain \ltrpar\s33\qj \li0\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs34\fs24\insrsid12478462 Sch. 2.5.}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Use of Corporation information.
\par }\pard\plain \ltrpar\s91\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs108\fs24\insrsid12478462 (1) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A Dire
ctor who receives information in that capacity or as an employee of the Corporation, being information that would not otherwise be available to him or her, shall not disclose that information to any person, or make use of or act on that information, excep
t\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
for the purposes of the Corporation; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 as required by law; or
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 in accordance with this Act.
\par }\pard\plain \ltrpar\s112\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs108\fs24\insrsid12478462 (2) }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 A director may disclose, make of or act on the information where\~\endash 
\par }\pard\plain \ltrpar\s81\qj \fi-720\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 a}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
the Director is first authorised to do so by the Corporation; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 b}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 particulars of the authorised disclosure, use or act are entered in the minutes of the Board; and
\par }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 (}{\rtlch\fcs1 \ai\af40\afs24 \ltrch\fcs0 \cs82\i\fs24\insrsid12478462 c}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs82\fs24\insrsid12478462 )\tab }{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\fs24\insrsid12478462 the disclosure, use or act in question will not, or will not be likely to, prejudice the Corporation, or any business enterprise in which the Corporation holds an interest.
\par }\pard\plain \ltrpar\s33\qj \li0\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af40\afs26\alang1025 \ltrch\fcs0 \b\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs34\fs24\insrsid12478462 Sch. 2.6.}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 
\rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 
\ltrch\fcs0 \f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Schedule 2 Amended by No. 30 of 2002, s. 13.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 Offences.
\par }\pard\plain \ltrpar\s76\qj \li0\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 \f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 
\cs18\fs24\super\insrsid12478462 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s17\ql \fi-360\li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs26\alang1025 \ltrch\fcs0 
\f40\fs26\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \cs18\f0\fs20\lang1033\langfe1033\super\langnp1033\insrsid12478462 \chftn \tab }{\rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\f0\fs20\lang1033\langfe1033\langnp1033\insrsid12478462 Schedule 2 Amended by No. 30 of 2002, s. 13.}}}{\rtlch\fcs1 \af40\afs24 \ltrch\fcs0 \fs24\insrsid12478462 
A Director, who acts in contravention of any of the provisions of this Schedule, is guilty of an offence and is liable on conviction to a fine not exceeding the K200,000.00 or imprisonment for a term not exceeding 5 years, or both.
\par 
\par 
\par Office of Legislative Counsel, PNG
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