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State Owned Enterprises Act 2007 (No. 7 of 2007).

Country
Type of law
Legislation
Source


Abstract
This Act provides rules relative to the establishment, functioning and operation of state-owned enterprises of Solomon Islands. The purpose of this Act is to enhance the performance of such enterprises.
A Responsible Minister may direct the State Owned Enterprise to provide a Community Service Obligation, i.e. the provision of a good or service on terms other than normal commercial terms. The Minister of Finance may make Regulations in relation to state-owned enterprises and assign "regulatory functions” to state-owned enterprises. The Commodity Export Marketing Authority Act (Cap 36), the Electricity Act (Cap 128), the Ports Act (Cap 161) and the Solomon Islands Water Authority Act (Cap 130) are listed among the “enabling Acts”, i.e. Acts that may confer powers and functions uopn a Minister in relation with state-owned corporations.
Long title of text
An Act to promote improved performance of government trading activities, by specifying principles governing the operation of state enterprises; establishing requirements for the accountability of state enterprises, and the responsibility of ministers; and for matters connected therewith or incidental thereto.
Date of text
Repealed
No
Serial Imprint
Solomon Islands Sessional Legislation.
Source language

English

Legislation Amendment
No