Australian Capital Territory Repealed Acts Australian Capital Territory Repealed ActsThis legislation has been repealed.
(2) An approval under subsection (1)—
(a) may be of general application or may relate to a particular proposed joint venture; or
(b) may be given subject to specified conditions and restrictions.
(3) Subject to subsection (4), where the Institute enters into an agreement for a joint venture, the Minister shall—
(a) cause to be prepared a statement setting out particulars of, and the reasons for, the joint venture; and
(b) cause a copy of the statement to be laid before each House of Parliament within 15 sitting days of that House after—
(i) subject to subparagraph (ii), the agreement is entered into; or
(ii) if the Minister is of the opinion that the disclosure of the joint venture would adversely affect the commercial interests of the Institute, the Minister ceases to be of that opinion.
(4) Where the Institute is able to control the things done by a joint venture of which it is a participant, the Institute shall endeavour to ensure that the audit arrangements for the joint venture are acceptable to the auditors of the Institute and that the joint venture does not do anything that the Institute itself is not empowered to do.