109D
CurrentFunding of private subsidiary corporations
Part 9Administration
Division 1NSW Food Authority
109D Funding of private subsidiary corporations
(1)
The Food Authority may, out of its funds—
(a)
pay for the formation of a private corporation, or for other costs incurred, under section 109C, and
(b)
with the approval of the Minister, make grants of money to a private subsidiary corporation for use in the exercise of its functions.
(2)
The Food Authority may, with the approval of the Minister, transfer any of its assets to a private subsidiary corporation.
This Act’s bill:Explanatory memorandumSecond reading speech
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