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.
Solomon Islands · 2007-08-27