Constitution and powers of the Commonwealth Development Corporation

3 Enterprises to which powers of Corporation relate.

(1)

The enterprises referred to in section 2(2) above are those falling within one or more of the following classes, namely,—

(a)

agricultural enterprises, including any enterprise concerned with the livestock industry, with horticulture, or with forestry;

(b)

enterprises concerned with fisheries, including any enterprise relating to the taking of marine mammals;

(c)

enterprises for the working or getting of minerals;

(d)

industrial enterprises;

(e)

enterprises for providing, maintaining or improving the supply of water, electricity or gas;

(f)

enterprises for providing, maintaining or improving transport facilities or transport services, or for providing, maintaining or improving telegraph or telephone services, including wireless services other than broadcasting, but not including broadcast relay services;

(g)

enterprises for the provision or improvement of houses or other dwellings;

(h)

enterprises for the keeping of hotels;

(i)

enterprises for processing, storing or marketing any products of one or more enterprises falling within any of paragraphs (a) to (h) above;

(j)

enterprises for the carrying out of building, engineering or other operations in, on, over or under land.

(2)

In subsection (1) above—

(a)

in paragraph (c), the expression “minerals” includes any substance in or under land of a kind ordinarily worked for removal by underground or by surface working; and

(b)

in paragraph (f), the expression “transport” means transport by land, water or air, and the reference to transport facilities includes roads, bridges, railways, waterways, and other installations for use in connection with transport by land, water or air.

(3)

If it appears to the Minister to be expedient to add to the classes of enterprises specified in subsection (1) above he may, with the consent of the Treasury, by order direct that that subsection shall have effect with the addition of such class or classes of enterprises as may be specified in the order.

(4)

An order under subsection (3) above may be revoked or varied by a subsequent order under that subsection.

(5)

The power to make orders under subsection (3) above shall be exercisable by statutory instrument, and an instrument containing an order under that subsection shall be subject to annulment in pursuance of a resolution of either House of Parliament.