18CSponsorship framework

### 18C Sponsorship framework > [*\[Section 18C of Part 2 Inserted by No. 18 of 2025, s. 9, Applied:01 Jan 2026\]*](/view/html/inforce/2026-01-01/act-2025-018#GS9@EN) > > > (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)](#GS18C@Gs1@EN)  – > > > > > > (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.