85. The Commonwealth’s involvement in companies

(1) The Finance Minister may, on behalf of the Commonwealth:

(a) form, or participate in forming, a relevant company (see subsection (2)); or

(b) acquire shares (either by purchase or subscription) in a relevant company, or become a member of a relevant company, in circumstances that would result in the relevant company becoming a Commonwealth company.

(2) A relevant company is a company of a kind prescribed by the rules whose objects or proposed activities are of a kind prescribed by the rules.

Related glossary terms: 

Last updated: 13 January 2016