New South Wales Consolidated Acts

FOOD ACT 2003 - SECT 109D

109D Funding of private subsidiary corporations

(1) The Food Authority may, out of its funds--

(a) pay for the formation of a private corporation, or for other costs incurred, under section 109C, and

(b) with the approval of the Minister, make grants of money to a private subsidiary corporation for use in the exercise of its functions.

(2) The Food Authority may, with the approval of the Minister, transfer any of its assets to a private subsidiary corporation.