Public Governance, Performance and Accountability Act 2013

CHAPTER 2 - COMMONWEALTH ENTITIES AND THE COMMONWEALTH  

PART 2-7 - COMPANIES, SUBSIDIARIES AND NEW CORPORATE COMMONWEALTH ENTITIES  

Division 2 - Companies and subsidiaries  

Subdivision A - The Commonwealth ' s involvement in companies  

SECTION 85   THE COMMONWEALTH ' S INVOLVEMENT IN COMPANIES  

85(1)    
The Finance Minister may, on behalf of the Commonwealth:

(a)    form, or participate in forming, a relevant company (see subsection (2) ); or

(b)    acquire shares (either by purchase or subscription) in a relevant company, or become a member of a relevant company, in circumstances that would result in the relevant company becoming a Commonwealth company.

85(2)    
A relevant company is a company of a kind prescribed by the rules whose objects or proposed activities are of a kind prescribed by the rules.

 

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