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©State of Queensland

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s. (1) In this Act, unless the context otherwise llowing terms have the meanings set against them r e s ~ e c t ~ v e ~ y , that is to say :-

n advance made or deeme

~ ~ f ~ r e n c ~ to any a ~ v a l a c ~ y way of ~ o a ~ made or guarantee given under this Act or, in the case of a ~uarantee

i s Act, to the advance by way of loan in relation to%

e guarantee was given, the term means the ap to whoin the advance by way of loan in estion was made or in respect of whom the guarantee in stion was given and includes every person who for the time ng is a s u ~ c e s ~ o r to the ~ontractLia1 liabilities in respect of the advance by w of loan made or guaranteed under this

advance by way of loan was guarantee was given ;

every trade, or business, or form or branch of ~ r o d ~ c t ~ ~ ~ hbour, or other activity having for its object the produdOD

of m a ~ ~ ~ t ~ b ~ ~ products or thing?. The term includes any trade, business or occupation which the Governor in Council ho i s hereby thereunto authorised) by Order in Council

lares to be an industry for the purposes of this Act;

31-1 Eroin the Crown for

6 6

ludes freehold land, larid

tate thara freehold, and a estate or ~ n ~ e r e s ~ in

(5)

he ~ i ~ ~ s t e r for ~ n d u s t r ~ a ~ ~ e v e ~ ~ ~ r n e n t ^QFQt r the time being charged wi the a~ministrat this Act, The term includes the

sole by the name o f “ T h e loprnent of ~ ~ e ~ ~ s l a n d ^”w

ties are exercised and performed by or in

respect of him under this Act as s ~ ~ r ~ ~ r ~ t ~ o n or wh

by way of loan” incl e ~ n c l u ~ e ~ the ~ r a ~ t i n w ~ a t e v e ~ ;

(e) the term

‘(

repa be deemed always t

(6)

(7)

%963-198 1

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(9)

ME

(10)

(v) a v a i ~ ~ b i ~ ~ t y o and localities ;

(a) for e ~ a b ~ i ~ g him to exercise or p duties conferred and i~lposed upon h

thout limit to the g e ~ e r a ~ i t y of the

~~~~~~~~~.

⁽¹⁾^TIEDirector may from time to time, in refation to any ~ a t t e r s or class of matters, or in r e ~ a t i ~ n to a

part of the State, by writing under his hand delegate 21.11 or any ^Of his powers, authorities, functions and duties under this Act (including but without limit to the generality of the power to delegate hereby prescribed,

power to make i I l ~ ~ i r y ~ as may be s ~ e c i ~ e ~ in the ~ v r i t ~ n g (other than t h ~ power of delegation) so that any delegated power, authority, fuwtlon

(11)

(12)

(13)

(6) (a) Subject to this subsection every member, other than the

ex O . C ~ O m e ~ ~ ~ r , of the

{i) shall be eligible for ~ e ~ a ~ ~ Q i n t m e n t ~ and

(ii) shall hold ofice for the term for which he is appointed or re-

~ p ~ Q i n t e ~

"out

no such appointment or r e ~ a p p o ~ ~ t ~ ~ e n t shall be for a term ~ ~ cthree years. ~ e ~ i ~ ~

ce of any ~ e ~ other than the b ~ r ex o$~?c~o member, 11 become vacant if

of the (b

(ii) becomes b a ~ or ~ o m ~ o ~ ~ d s ~ ~ ~ ~ with t is creditors, or rce for the time o t h e r ~ i s ~ takes ~ ~ v a i i t a ~ e of the laws i a

ed from office by the

iour or ~ ~ ~by o ~ ~ e ~ ~ ~ ~ e

(14)

13

oard shall with respect to t

t i ~ a ~ i o ~ required by this nister, ~ e e~ e ~ e s s a r y ~ i ~ ~ or expedient to be made by i t for a purpose of OF connect^^

with the ad mini st ratio^ of this Act, so directs or ~ h i c ~ it deems n~cessary or e x ~ ~ d ~ e ~ t for a pu ose o f or connec

with the exercise and ~ ~ ~of its ~ p h a ~ ~ e this Act.

vance or ~narantee un

~ ~ i n ~ s ~ e r unless and thereof.

(a> shall state whether the financial assistance is applied for by ww of an advance or a g ~ a r a n t e e ~

(b) shall be a c c o ~ ~ a n i e d by copies of the balance-sheet and trading accounts of the business to which it relates for the last three years (or, if the business has been carried on for a lesser period), in respect of such lesser perio

(15)

(16)

(17)

Governor in Council shall in the

istatice under this ct by way of a ~ ~ ~ r ~ ~ i t e e spec yinent whereof ma be guaranteed, the period of an

rder in Council approving

t limit to the powe

~ a y m e n t of interest in respect thereof;

taken. by the lender far the advance.

mended by Act of 1970, No. 40, s. 9; Act of 1975, , s, 3; Act sf 1976, NIP, 61, s. 4.

IQ5

assist any person-

(a) by way of an advance under this Act exceeding in. amount- located within the Area of the City of ~ r ~ s b a n e ; and located outside the Area of the City o f Brisbane, histes for such advance :

(i) t ~ o - t h i r d s of the estimated value, in the case of an industry (ii) three-quarters of the estimated value, in the case of an industry as at the time the advance is made, of the securit~ taken. by the

(18)

(b) by way of a guarantee under this Act of a loan o ~ t a i ~ e ~ fr a person ~ a m e d by the ~ ~ i n i s t e r exceedi

applicant by way of an a

§ ~ ~ ~ e c t to this Act, make t of an amount not exceedi

all make the a ~ v a n c e in accor rder in Council and shall take there specified in the Order in Council.

(2) The fact that with res~ect to ~ a k ~ n ~ the a ~ vQF ata ~ ~

nister did not comply in all respects with ^SUC 1 not prejudice or affect in any way the aathority of

ke under this Act the advance in q u e s t i ~ ~ or limit the effect as a valid mortgage or security of any mortgage or security taken by the ~ ~ n i s t e r for the ~ d v a n c e in question.

any enactment or other: Izw to the contrary, lawfully execute any ~ o r t g a ~ e or other security required by the Iviinister.

(3) Any ~ o r ~ o ~ a ~ i o n and any owner of land may, notwit

(19)

I 1963-1 98 1

(20)

(21)

2

(22)

IAL DEVELOP ACT 1963-1981. s.22 21

it, etc, (1) An oficer (in this section called aa

’>

thereunto authorise^ by the Director or the Y at dl reasonable times enter any land, premises ^QC

(23)

~ e r t a ~ ~ ~ ~ ~ to the business of an a p ~ ~ ~ c a n ~ in relation to which f i ~ a n c ~ a ~ assistance by way of an advance or guarantee under this Act has beerr

d may inspect such business, all assets b ~ ~ o n ~ ~ ~ counts and records kept in relation t h ~ ~ e t ~ .

sa to do;

an authorised auditor to take a copy of or extract from any book, ~ c c o u ~ ~ or record.

a ~ p ~ ~ c a n t or other person who ~ o ~ t r a v e n e ~ any section shall be guilty of an offcnce and liable to exceeding $200, which may be recovered in a summary Justices Act 11886-1980.

rity. For the purposes o f this Act the a m can be advantageously disposed of, a

personal taken by him or to which he has b2so;x entitled as sec for or in satisfaction, liquidation, or discharge of any debt owing to

(24)

23

(25)

(26)

(27)

3-1

(28)

(29)

2 E IAL LO 63-1981

(30)

und to inquire whether the issue of those debentures, bonds or in fact duly authorized or into the application. of the money so

r be in any way responsible for the n ~ n ~ a ~ ~ ~ i c ~ ~ i o n cpr nded by Act of 1978,

(31)

(32)

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60997---By Authority: S . R. AMPSON, d;overnrnerit printer, Queensfarid

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any time

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pub~ished in Gazefte

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by, not to limit powers of

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functions and duties of

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may make any number of delegations . .

may obtain information from ~ o v e r ~ e n ~ S t a h a y revoke a de~ega~ion

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powers of re inquiry ~ ~ ~ ' ~

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money$.cr~djied, ta he a ~ p l ~ e ~ to

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to be ~ s ~ a ~ ~ i s h e d at the Treasury

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Gave ~ t a ~ i s ~ i G ~ a ~ -

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general powers of * - " + * * ^{9 .}

may make ~ e ~ u ~ a ~ i o n s

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may refuse to approve of ~ p ~ l i ~ a ~ ~ o ~

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may remove member from Board

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may vest Crown land in Minister

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powers of re advances

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may demise Crown land i b inister

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powers o f re guarantees .

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shall appoint Chairman oflnduskhall A&islan$ B o a i i shall appoint members of ~ n d u s ~ r i ~ l ~ ~ s i s t ~ n ~ e to a ~ p r o v e advances and guarantees b y Order in Counci:!

'to approve borrowing of money by Corporation

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to 8pecify ~0~~ of loan, and ~ p a ythereof ~ ~ n. . . . ~ ~

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(36)

r ~ o v e r y of ~ o ~ e y s paid un&er ^{a .} ^I. .. ^f^.

Guarantees and Advances-

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shall report to Minister on invwtigation re or in Council may refuse approva! for . . ^,

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w e by Order in Council .

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for inves~igatjon

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for further ii~vest~gat~on .

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to Minister

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Governor in CounciI to approve

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or in Council to specify amount o f . . . *

or in Cquncii to specify amount o f ~ ~ pof ~ ~ e ~ i rniay give ~.

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obligations of applicant re

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powers as to f . .. . * ..

to be a debt due ajesty . . . .

inister may nublease land for

Director to be member ex oflcio of' may authorise oEcer to inspect and a&

~ e mof-- ~ e ~

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a p p o i n ~ m e n ~ of

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a p p o ~ n ~ ~ e n ~ of chairman appointment of to be pub

ccof ^{I ) .} ^1. . *

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to be eligible for r e a u ~ o i n ~ m e n ~

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vacancy b f office o f ^*

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p o w e ~ s a n ~ ~ u t i e ~ o ~ inister may refer a p ~ ~ i c a ~ ~ o n

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alf moneys a p p r o p ~ ~ ~ t e d by ~ ' a r i i a ~ e n ~ to be paid into shafl pay out . . ^,

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Inscribed stock-

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status of as ~ n v e ~ t f f ~ e n t and security

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Judicial n o t i c e

of Director's powers of delegation . . .

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of offtcial seal of Corporation ^(.

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cer of ~ e p a ~ ~ e n e . . . .

Land-

aning of term

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nister may provide fof ~ n ~ u s t r ~ a l purposes Loan Moneys-

application of by Corporation

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advance by way okioan

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notice as prescrib2

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sitting days ..

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of Ind ustries Assistance Board- Memkrs-

appointment of by . . ^,

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appointment of chairman by

a p p o i n ~ m e n ~ of to be published in' Gareta;

number of .

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Board shall report to re investigation

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Crown land may be vested in

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may grant advances and guarantees

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may hold property as security .

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may provide land as industrial security

may refer ap~tication back to Board for furth& in&&

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powers of re granting of advances and guarantees

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shall not financially assist persons in ce&in ci;eumstanees . .

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(38)

37

Offences-

of applicant re hindrance of i n s ~ ~ t i o n . .

penalties for . . .

Officer of Department- Director may delegate to

may conduct inspection of applicant's business powers of re inquiries and investigation . .

. .

Orders in Council-

p u b ~ i c a t i o n o ~ . . . .

Penalties- Person- Powers-

re offences by applicant ,

.

m e ~ n ~ n g o f term

. . . .

as to advances ^{( j I} .

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as to guaraatees

..

General .

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of delegation. by h e c t o r ' of officer of Department to make Regulations

. .

..o.lamatjon.. publication of

..

. .

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~ e ~ ~ ~ a t i o n s -

Governor in Council may make powers re . . .

publication of . . .

oratinn-

notice to be taken of . .

Minister may hold property as

. .

re advance and guarantees . .

Short title

. . .

S i ~ t ~ n ~ days-

~ e a n I n g ofterm . . .

Security-

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inister for Industrial Development of Queensland- Minister to constitute . . .

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to be name of ~ r p o r a t i o n . . .

to have official seal . . .

to have perpetual succession . . . .. . .

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inister of ~ n d u s t ~ ~ e s Assistance-

to be preserved

.

continued in existence and constituted . under' this Act

to be read and construed as The Minis Development of Qiaeensland 'Treasurer-

to direct application of unexpended moneys . . .

to give sanctioas to Corporation to borrow money

. . . .

s . 22 14) 22 (4)

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6099?'-- By Authority: S . a . HAMPSON Government Printer. Queensland