Ministerial approval required for certain activities

In force

Despite anything to the contrary in this Division, the Authority must obtain the written approval of the Minister before doing all or any of the following—

(a)

subscribing for, or otherwise acquiring, or holding or disposing of shares in, or debentures, units or other securities of, a corporation or trust;

(b)

becoming a member of a company limited by guarantee;

(c)

acquiring and holding or disposing of an interest in a partnership or other body.

This Act’s bill:Explanatory memorandum Second reading speech

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14 Ministerial approval required for certain activities