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A statutory authority may also be a body within a Commonwealth entity, exercising the powers given by Parliament but administratively part of the entity." [ 2 ] 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. a ...
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 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). [1]
693 "secondary" entities, such as advisory bodies, ministerial forums, and statutory offices; 450 "other" entities, such as subsidiaries of government companies, joint ventures, national law bodies, and bodies linked through statutory contracts, agreements or delegations
State-sponsored bodies incorporated in this fashion are, unlike their statutory corporation peers, subject to the provisions of the Companies' Acts. They have issued share capital, a board of directors, and all the other features of the type of company they are incorporated as.
A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority that is responsible for exercising autonomous jurisdiction over some area of human activity in a licensing and regulating capacity.
United States decided that although the president had the power to remove officials from agencies that were "an arm or an eye of the executive", it upheld statutory limitations on the president's power to remove officers of administrative bodies that performed quasi-legislative or quasi-judicial functions, such as the Federal Trade Commission.
The term "creature of statute" is most common to the United States. In the United Kingdom, these bodies are simply called statutory corporations (or statutory bodies) and generally have some governmental function. The United Kingdom Atomic Energy Authority is an example.
A statute is a formal written enactment of a legislative body, [1] a stage in the process of legislation. Typically, statutes command or prohibit something, or declare policy . [ 1 ] Statutes are laws made by legislative bodies; they are distinguished from case law or precedent , which is decided by courts , regulations issued by government ...