Delivering Victorian Infrastructure (Port of Melbourne Lease Transaction) Act 2016
23Establishment of companies as transaction entities
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23 Establishment of companies as transaction entities
(1) The Premier may, for the purposes of an authorised transaction, establish, or direct the establishment of, companies as transaction entities in any of the following ways—
(a) the formation or acquisition, or participation in the formation or acquisition, by or on behalf of the State or the Port Corporation of a company limited by shares, so that all the issued shares in the company are held by or on behalf of the State or the Port Corporation (or both);
(b) the formation or acquisition of a company as a wholly-owned subsidiary company of a transaction entity.
(2) A company established in accordance with this section is a transaction entity for the purposes of this Act.