Western Australian Current Acts

GOVERNMENT TRADING ENTERPRISES ACT 2023 - SECT 114

114 .         Consultation regarding formation or acquisition of subsidiary

        (1)         A GTE considering an arrangement that involves the formation or acquisition of a subsidiary must inform the Portfolio Minister and the Treasurer of the contemplated arrangement —

            (a)         as soon as practicable; and

            (b)         in any event before —

                  (i)         engaging advisers, consultants or agents in connection with the contemplated arrangement; or

                  (ii)         issuing any invitation for expressions of interest, request for proposals, invitation to tender or the like, either publicly or to selected parties; or

                  (iii)         entering into any commitment arising out of or in connection with the contemplated arrangement.

        (2)         A GTE that has informed the Portfolio Minister and the Treasurer of a contemplated arrangement under subsection (1) must consult the Portfolio Minister and the Treasurer during the further development and realisation of the arrangement as the Portfolio Minister and the Treasurer require.