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26-676: The Urban Transit Authority , a former statutory authority of the Government of New South Wales , was responsible for the operation and maintenance of buses and ferries in Sydney and Newcastle from July 1980 until January 1989. The Urban Transit Authority was established pursuant to the Transport Authorities Act 1980 (NSW) that separated the functions of the Public Transport Commission with

52-493: A transit district or special purpose corporations such as a university , are also created by statute. In some states, a city or county can be created by petition of a certain number or percentage of voters or landholders of the affected area, which then causes a municipal corporation to be chartered as a result of compliance with the appropriate law. Corporations to be established for most other purposes are usually just incorporated as any other non-profit corporation , by filing

78-652: A "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory authority that is a body corporate", and the New South Wales Government 's Land Registry Services defines a state-owned corporation as "a statutory authority that has corporate status". Current statutory corporations include Australia Post , Airservices Australia ,

104-408: A corporate Commonwealth entity or a non-corporate Commonwealth entity. A statutory authority may also be a body within a Commonwealth entity, exercising the powers given by Parliament but administratively part of the entity." A statutory corporation is defined in the government glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e.

130-536: A profit without one). Such bodies do not have shareholders , but are typically boards appointed by a sponsor minister. The provisions of the Companies' Acts do not typically directly apply to such bodies, although their founding legislation may specify similar requirements. The statutory corporation format was usually the form most state-sponsored bodies of the Republic of Ireland took until recent years; however,

156-587: A statutory authority may be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory authority that is a body corporate", and the New South Wales Government 's Land Registry Services defines a state-owned corporation as "a statutory authority that has corporate status". Statutory authorities at the State or Territory level are established under corresponding State or Territory laws. Each statutory authority tends to have its own enabling legislation, or originating act , even if it

182-574: Is a Kassenärztliche Vereinigung , a body involved in the provision of out-patient medical services in a German state. Other examples include public broadcasters, Jewish communities and Christian churches established in Germany and some public transport providers (depending on jurisdiction). In Hong Kong, some corporations are incorporated by legislation. An example is the Kowloon-Canton Railway Corporation , which owns

208-493: Is a body corporate created by the legislature with defined powers and functions and is financially independent with a clear control over a specified area or a particular type of commercial activity. It is a corporate person and has the capacity of acting in its own name. Statutory corporations therefore have the power of the government and the considerable amount of operating flexibility of private enterprises. A few are: Features: Which define its objectives, power and duties. It

234-462: Is a body set up by law ( statute ) that is authorised to implement certain legislation on behalf of the relevant country or state, sometimes by being empowered or delegated to set rules (for example regulations or statutory instruments ) in their field. They are typically found in countries which are governed by a British style of parliamentary democracy such as the United Kingdom and

260-622: Is created by a special law Of parliament. It may be established by the central government are also known as National corporations. In the Republic of Ireland , a statutory corporation is a body corporate, which is created under a particular Act of the Oireachtas . Some statutory corporations are expected to operate as if they were a commercial company (with or without a subsidy from the Exchequer , depending on whether or not it would make

286-471: Is not used to describe a company which operates as a conventional shareholder-owned company registered under the Companies Acts. A public body can have a variety of forms and is not inevitably a statutory corporation, nor is a statutory corporation necessarily a public body. At the state level, municipal corporations and counties are often created by legislative acts. Some organizations such as

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312-678: The Australian Rail Track Corporation and the Australian Egg Corporation . The purpose of their separation from normal government operations is to ensure profitability, and in theory, independence of decision making from the state or national government (to ensure that decisions are made on a commercial basis with less or no political interference.) As statutory corporations, their regulatory and business conditions may be significantly different from private-sector companies. A significant number of

338-527: The Commonwealth countries like Australia , Canada , India and New Zealand . They are also found in Israel and elsewhere. Statutory authorities may also be statutory corporations , if created as a body corporate . '. A statutory authority is a generic term for an authorisation by Parliament given to a person or group of people to exercise specific powers. A statutory authority can be established as

364-894: The Ffestiniog Railway , the Talyllyn Railway , the National Coal Board , Post Office Corporation and Transport for London . Other examples include the county councils , the National Assembly for Wales , the British Broadcasting Corporation (BBC), Channel Four Television Corporation , and the Olympic Delivery Authority . Statutory corporations are widely used in education: Sixth Form College Corporations and Further Education Corporations,

390-798: The Food Safety Authority of Ireland . In the Netherlands , the term "public body" is the general denomination for administrative divisions within the Dutch state or certain other types of governmental organisations. In the United Kingdom , a statutory corporation is a corporate body created by statute . It typically has no shareholders and its powers are defined by the Act of Parliament which creates it, and may be modified by later legislation. Such bodies have often been created to provide public services, examples including British Railways ,

416-796: The State Rail Authority taking responsibility for trains, and the Urban Transit Authority responsibility for buses and ferries. It was replaced in January 1989 by the State Transit Authority . Urban Transit inherited a fleet 1,680 buses comprising Leyland Worldmasters , circa 740 Leopards , Atlanteans and 657 Mercedes-Benz O305s . By 1987 the O305 fleet would total 1,287, the world's largest. These along with Mercedes-Benz O405s had replaced most of

442-555: The Leylands when Urban Transit ceased. The inherited ferry fleet consisted of five ferries dating from the 1910s ( Kameruka , Kanangra , Karingal , Karrabee and Lady Edeline ), seven Lady class ferries ( Cutler , McKell, Woodward, Wakehurst, Northcott, Herron and Street ), two Manly ferries ( Baragoola and North Head ) and five hydrofoils ( Fairlight, Dee Why, Curl Curl, Long Reef and Palm Beach ). Urban Transit introduced four Freshwater class ferries for

468-680: The Manly service ( Freshwater , Queenscliff , Collaroy and Narrabeen ), two hydrofoils ( Manly and Sydney ) and nine First Fleet catamarans ( Sirius, Supply, Alexander, Borrowdale, Charlotte, Fishburn, Friendship, Golden Grove and Scarborough ). Among the new services introduced by Urban Transit were route 111 Sydney Explorer in November 1980 and route 300 Circular Quay - Sydney Airport in 1982. Both were operated by Mercedes-Benz O305 buses in dedicated liveries. Statutory authority A statutory body or statutory authority

494-491: The following areas; Statutory corporation Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided). In Australia , statutory corporations are a type of statutory authority created by Acts of state or federal parliaments. A statutory corporation is defined in the federal Department of Finance 's glossary as

520-542: The legal form of Sixth Form Colleges and Further Education Colleges , as well as Higher Education Corporations, the legal form of most post-1992 universities , are all statutory corporations created under the Education Reform Act 1988 and the Further and Higher Education Act 1992 ; a small number of older universities are also statutory corporations created under specific acts of parliament. The phrase

546-675: The paperwork with the appropriate agency as part of the formation of the entity. At the Federal level, a small number of corporations are created by Congress . Prior to the District of Columbia being granted the ability to issue corporate charters in the late 19th century, corporations operating in the District required a congressional charter . With limited exceptions, most corporations created by Congress are not federally chartered, but are simply created as District of Columbia corporations as

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572-693: The railway network and was previously also an operator. The MTR Corporation Limited was also such a company, then named as Mass Transit Railway Corporation. Other examples include the Ocean Park Corporation , and the former Industrial Estates Corporation and Land Development Corporation . Statutory corporations are government establishments brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations governing its employees and its relationship with government departments. This

598-564: The same fashion as an act of parliament, but usually with specific initials (depending on the authority) and a number. Just as with laws enacted by Parliament, all laws made by a statutory authority must be published in the Government Gazette. The Parliament of Australia , or a State or Territory Parliament , will delegate its authority to a statutory authority for several reasons; The power to enact legislation has been delegated by Australian Parliaments (State and/or Federal) in

624-476: The statutory corporations are private commercial operations, a number of which have been privatised, in part or in whole, since the 1980s: these have included the national airline Qantas , Telstra (also previously known as Telecom Australia) and the Commonwealth Bank . A statutory corporation in Germany is called a Körperschaft des öffentlichen Rechts (KdöR). An example of a statutory corporation

650-507: The usual policy today is that a private limited company by shares or public limited company incorporated under the Companies' Acts is set up instead, with the relevant minister holding 100% of the issued share capital. Nonetheless, as of 2007 several prominent statutory corporations continue to exist, such as Raidió Teilifís Éireann (RTÉ), the Electricity Supply Board (ESB), Bord Gáis Éireann , An Bord Pleanála ,

676-680: Was established before the relevant over-riding legislation. For example, the Commonwealth Scientific and Industrial Research Organisation (CSIRO) was established in 1949 by the Science and Industry Research Act , but it has since come under the jurisdiction of the Commonwealth Authorities and Companies Act 1997 as legislation covering statutory authorities has evolved. Laws made by statutory authorities are usually referred to as regulations. They are not cited in

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