Cover image for Civil Construction Corporation
Agency:
Civil Construction Corporation
Agency Number:
Start Date:
01 Jan 1994
End Date:
31 Dec 2003
Description:
The Corporation was established under the Civil Construction Services Corporation Act 1994. The principal function of the Corporation was to carry on a civil construction and maintenance business. It also operated the iNFRAMAX division. ;;The Government, via authority provided by section 7(1) of the Government Business Enterprises (Sale) Act 2003, signed a sale ;;agreement for the sale of the Corporation on 22 October 2003, as a going concern, to Works Infrastructure Pty Ltd (Works Infrastructure), a wholly owned subsidiary of Downer EDI Ltd (Downer EDI). The Sale Agreement between the Crown, Works Infrastructure and Downer EDI (the Sale Agreement) stipulates the effective date of the sale as 1 July 2003. ;;The Corporation's Board continued to conduct the civil construction and maintenance business from 1 July 2003 to the date of the sale completion, 22 October 2003 (the completion period). However, by virtue of the effective date in the Sale Agreement (1 July 2003), the Board conducted this business on behalf of Works Infrastructure (excluding those assets and liabilities not purchased) during the completion period. Therefore, these trading results are excluded from the 2003-04 analysis set out on ;;the following pages. ;;In 2002-03, the Board determined that the Corporation's interest in the iNFRAMAX division would be divested due to its underperformance. This division was divested during the completion period with its trading results prior to divestment included in the 2003-04 analysis. ;;The Responsible Minister was the Attorney-General and Minister for Justice and Industrial Relations;;
Information Sources:
Auditor-General's Report 2003-2004
Functions Performed:
Civic infrastructure