Statutory corporation

A statutory corporation is a corporation created by statute. Their precise nature varies by jurisdiction thus they might be ordinary companies/corporations owned by a government with or without other shareholders, or they might be a body without shareholders which is controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation.

Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided).

Australia

In Australia, statutory corporations are created by Acts of state or federal parliaments. Current statutory corporations include Australia Post, Airservices Australia, 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.)

Public bodies of the Scottish Government

Public bodies of the Scottish Government are organisations that are funded by the Scottish Government. It is a tightly meshed network of executive and advisory non-departmental public bodies ("quangoes"); tribunals; and nationalised industries.

These public bodies are distinct from executive agencies of the Scottish Government, as they are not considered to be part of the Government and staff of public bodies are not civil servants.

Governance

The Scottish Government is responsible for appointing a board of directors to run public bodies. The Office of the Commissioner for Public Appointments in Scotland is responsible for regulating the process.

Public bodies are assigned "sponsoring departments" who provide funding in the form of grant-in-aid to assist with running costs and capital investment. Most public bodies also have other sources of income (for example the Royal Botanic Garden Edinburgh receives income from charging the public to visit the greenhouses in its gardens).

Public body (disambiguation)

A public body is commonly a corporation created by state.

Public body may also refer to:

See also