Irrigation corporation may make arrangements with subsidiaries
127 Irrigation corporation may make arrangements with subsidiaries
An irrigation corporation may arrange, whether by an agency agreement or in any other way (except by assignment), for a subsidiary of the irrigation corporation to exercise any or all of the irrigation corporation’s functions under this Part or under an operating licence.
The Minister may treat any act or omission of the subsidiary of an irrigation corporation as an act or omission of the irrigation corporation for the purpose of determining—
whether the irrigation corporation has contravened its operating licence, or
whether the licence should be suspended or cancelled,
but only if the irrigation corporation has made arrangements for the exercise of functions by the subsidiary.
In this section, subsidiary means a corporation that is a subsidiary of a corporation as determined in accordance with the Corporations Act 2001 of the Commonwealth or any other applicable law.
This Act’s bill:Explanatory memorandumSecond reading speech
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