This Part has the core provisions for this Chapter (which is about Commonwealth companies) and special provisions applying to wholly - owned Commonwealth companies.

Division   2:

•   defines what a Commonwealth company is (see subsection   89(1)); and

•   defines what a wholly - owned Commonwealth company is (see section   90).

Division   3 requires the directors of a wholly - owned Commonwealth company to keep the responsible Minister and the Finance Minister informed about certain things, and ensure that the company has an audit committee. It also deals with the application of government policy to wholly - owned Commonwealth companies.