South Australian Current Regulations

PUBLIC CORPORATIONS (ADELAIDE FILM FESTIVAL) REGULATIONS 2017 - REG 16

16—Subsidiary companies

        (1)         The subsidiary must not, without the approval of the Minister—

            (a)         form a subsidiary company; or

            (b)         acquire, or enter into any arrangement under which it will at a future time or would on the happening of some contingency hold, relevant interests in shares in a corporation such that the corporation becomes a subsidiary of the subsidiary.

        (2)         The Minister may, as a condition of approval under this section, or by direction, require the subsidiary to take steps to include in a subsidiary corporation's constitution such provisions as the Minister considers appropriate—

            (a)         imposing limitations on the nature or scope of the corporation's operations; or

            (b)         imposing other controls or practices,

consistent with those applicable to the subsidiary.