Commonwealth Development Corporation Act 1978

  1. Introductory Text

  2. Constitution and powers of the Commonwealth Development Corporation

    1. 1. Constitution of the Commonwealth Development Corporation.

    2. 2. Purpose and powers of Corporation.

    3. 3. Enterprises to which powers of Corporation relate.

    4. 4. Provisions supplemental to ss. 2 and 3.

  3. Provisions as to exercise of Corporation’s functions

    1. 5. Ministerial directions to Corporation.

    2. 6. Annual report, information and returns.

    3. 7. Interests of employees to be secured.

    4. 8. Special provisions as to dependent territories.

  4. Financial provisions

    1. 9. Borrowing powers of Corporation.

    2. 9A. Limit on borrowing etc.

    3. 10. Advances by Minister to Corporation.

    4. 10A. Grants to Corporation by Secretary of State.

    5. 11. Treasury guarantees.

    6. 12. Repayment of, and interest on, advances and sums issued to meet guarantees.

    7. 13. Power to remit interest on advances.

    8. 14. Reserve fund.

    9. 15. Financial duty of Corporation and application of surplus revenue.

    10. 16. Accounts and audit.

  5. Supplemental

    1. 17. Interpretation.

    2. 18. Repeals, savings and transitional provisions.

    3. 19. Short title, commencement and extent.

  6. SCHEDULES

    1. SCHEDULE 1

      Supplementary provisions relating to the constitution etc. of the Commonwealth Development Corporation

      1. 1.(1) The Minister shall have power, exercisable by statutory instrument,...

      2. 2.The validity of any proceeding of the Corporation shall not...

      3. 3.The Corporation shall pay to the members of the Corporation...

      4. 4.If in the case of any member of the Corporation...

      5. 5.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

      6. 5A.If, when a person ceases to be a member of...

      7. 6.The Corporation shall pay to its officers, servants and agents...

      8. 7.If in the case of any officers, servants or agents...

      9. 8.Provision for pensions, gratuities or other like benefits under this...

      10. 9.The Corporation shall have power to do any thing and...

      11. 10.The Corporation shall give effect to any directions given to...

      12. 11.It is hereby declared that nothing in this Act exempts...

    2. SCHEDULE 2

      Enactments Repealed