Commonwealth Consolidated Acts

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PUBLIC GOVERNANCE, PERFORMANCE AND ACCOUNTABILITY ACT 2013 - SECT 85

The Commonwealth's involvement in companies

  (1)   The Finance Minister may, on behalf of the Commonwealth:

  (a)   form, or participate in forming, a relevant company (see subsection   (2)); or

  (b)   acquire shares (either by purchase or subscription) in a relevant company, or become a member of a relevant company, in circumstances that would result in the relevant company becoming a Commonwealth company.

  (2)   A relevant company is a company of a kind prescribed by the rules whose objects or proposed activities are of a kind prescribed by the rules.



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