Notification to Assembly
9 Notification to Assembly
If a company becomes a territory-owned corporation or a subsidiary, the Portfolio Minister must, within 15 sitting days of the occurrence, present to the Legislative Assembly—
a statement setting out—
the names of the shareholders; and
a description of the principal activities to be carried out by the company; and
a copy of the constitution of the company.
If there is a change in a matter specified in the statement or in the constitution, the Minister must, within 15 sitting days of the change, present to the Legislative Assembly a further statement setting out—
for a change in a matter mentioned in subsection (1) (a)—details of the change; and
for a change in the constitution—a summary of the change.
This Act’s bill:Explanatory statement
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