Public Governance, Performance and Accountability Act 2013

This Part has provisions relating to the Commonwealth ' s involvement in companies, the responsibility of corporate Commonwealth entities for their subsidiaries, and the creation of new corporate Commonwealth entities.

Division 2 authorises the Commonwealth to form, or participate in forming, certain companies, and to acquire shares in, or become a member of, certain companies. It also requires the accountable authority of a corporate Commonwealth entity to ensure that none of the entity ' s subsidiaries does anything outside of power.

Division 3 allows the rules to create new corporate Commonwealth entities.