Commonwealth Development Corporation Act 1978
Constitution and powers of the Commonwealth Development Corporation
1 Constitution of the Commonwealth Development Corporation.
2 Purpose and powers of Corporation.
3 Enterprises to which powers of Corporation relate.
4 Provisions supplemental to ss. 2 and 3.
Provisions as to exercise of Corporation’s functions
5 Ministerial directions to Corporation.
6 Annual report, information and returns.
7 Interests of employees to be secured.
8 Special provisions as to dependent territories.
Financial provisions
9 Borrowing powers of Corporation.
9A Limit on borrowing etc.
10 Advances by Minister to Corporation.
10A Grants to Corporation by Secretary of State.
11 Treasury guarantees.
12 Repayment of, and interest on, advances and sums issued to meet guarantees.
13 Power to remit interest on advances.
14 Reserve fund.
15 Financial duty of Corporation and application of surplus revenue.
16 Accounts and audit.
Supplemental
17 Interpretation.
18 Repeals, savings and transitional provisions.
19 Short title, commencement and extent.
SCHEDULES
SCHEDULE 1 Supplementary provisions relating to the constitution etc. of the Commonwealth Development Corporation
1(1) The Minister shall have power, exercisable by statutory instrument,...
2The validity of any proceeding of the Corporation shall not...
3The Corporation shall pay to the members of the Corporation...
4If in the case of any member of the Corporation...
5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5AIf, when a person ceases to be a member of...
6The Corporation shall pay to its officers, servants and agents...
7If in the case of any officers, servants or agents...
8Provision for pensions, gratuities or other like benefits under this...
9The Corporation shall have power to do any thing and...
10The Corporation shall give effect to any directions given to...
11It is hereby declared that nothing in this Act exempts...
SCHEDULE 2 Enactments Repealed

Royal arms

Commonwealth Development Corporation Act 1978

1978 CHAPTER 2

An Act to consolidate the enactments relating to the Commonwealth Development Corporation with corrections and minor improvements made under the Consolidation of Enactments (Procedure) Act 1949.