South Australian Current Regulations

PUBLIC CORPORATIONS (INTERNATIONAL KOALA CENTRE OF EXCELLENCE) REGULATIONS 2018 - REG 17

17—Subsidiary companies

        (1)         IKCE 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 company such that the company becomes a subsidiary of IKCE.

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

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

            (b)         imposing other controls or practices,

consistent with those applicable to IKCE.