18CSponsorship framework

18C Sponsorship framework

[Section 18C of Part 2 Inserted by No. 18 of 2025, s. 9, Applied:01 Jan 2026]

(1)  As soon as practicable after the commencement of this section, the board of directors is to prepare a framework that specifies the principles and practices that are to be applied in respect of the provision of sponsorship by the company and its subsidiaries.

(2)  A framework prepared under subsection (1)  –

(a) must be prepared in accordance with, and must reflect, any Treasurer’s Instructions issued in respect of sponsorship; and

(b) must include –

(i) the prescribed provisions; and

(ii) provisions that relate to prescribed matters; and

(c) is to reflect contemporary standards, and best-practice principles, that apply in relation to sponsorship; and

(d) may include such other matters as the board of directors considers relevant.

(3)  The board of directors is to ensure that, as far as is reasonably practicable, there is always a framework in force under this section in respect of the company and its subsidiaries.

(4)  As soon as practicable after a framework under this section comes into force, the board of directors is to ensure that –

(a) a copy of the framework is published on a website maintained by, or on behalf of, the company; and

(b) as far as is reasonably practicable, the framework remains so published while it is in force.