s. 43 43 State business corporation to act in accordance with corporate plan A State business corporation must act only in accordance with its corporate plan, as existing from time to time, unless it has first obtained the written approval of the relevant Minister and the Treasurer to do otherwise. 44 Nothing void merely because of non-compliance Nothing done by a State business corporation is void or unenforceable merely because the corporation has failed to comply with this Part. 45 Non-commercial functions (1) The relevant Minister, with the approval of the Treasurer, may in writing direct the board of a State business corporation— (a) to perform certain functions that the relevant S. 45(1)(a) amended by Minister considers to be in the public interest No. 92/1993 but that may cause the State business s. 14. corporation to suffer financial detriment; or (b) to cease to perform functions of a kind referred to in paragraph (a); or (c) to cease to perform certain functions that the relevant Minister considers not to be in the public interest. (2) The board must comply with a direction given under subsection (1). (3) If a State business corporation satisfies the S. 45(3) amended by relevant Minister that it has suffered financial No. 18/1994 s. 66(Sch. 2 detriment as a result of complying with a direction item 23.1). given by the Minister under subsection (1), the corporation, if the Minister so directs, may be reimbursed by the State the amount that the Minister determines, with the approval of the Minister administering Part 2 of the Financial Management Act 1994 and after consultation
43 State business corporation to act in accordance with corporate plan s. 43 A State business corporation must act only in accordance with its corporate plan, as existing from time to time, unless it has first obtained the written approval of the relevant Minister and the Treasurer to do otherwise. 44 Nothing void merely because of non-compliance Nothing done by a State business corporation is void or unenforceable merely because the corporation has failed to comply with this Part. 45 Non-commercial functions (1) The relevant Minister, with the approval of the Treasurer, may in writing direct the board of a State business corporation— S. 45(1)(a) amended by No. 92/1993 s. 14. (a) to perform certain functions that the relevant Minister considers to be in the public interest but that may cause the State business corporation to suffer financial detriment; or (b) to cease to perform functions of a kind referred to in paragraph (a); or (c) to cease to perform certain functions that the relevant Minister considers not to be in the public interest. (2) The board must comply with a direction given under subsection (1). S. 45(3) amended by No. 18/1994 s. 66(Sch. 2 item 23.1). (3) If a State business corporation satisfies the relevant Minister that it has suffered financial detriment as a result of complying with a direction given by the Minister under subsection (1), the corporation, if the Minister so directs, may be reimbursed by the State the amount that the Minister determines, with the approval of the Minister administering Part 2 of the Financial Management Act 1994 and after consultation
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