QLDIn ForceAct
Financial Accountability Act 2009
sec.88Treasurer’s approval to form, or become a member of, a company
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### sec.88 Treasurer’s approval to form, or become a member of, a company
A department may do any of the following only under a Treasurer’s approval—
form, or participate in the formation of, a company;
become a parent entity in relation to a company;
become a member of a company.
The Treasurer may give an approval for subsection (1) only if the department has developed a business case that satisfies the Treasurer that a company is the appropriate vehicle for the purpose for which the approval is required.
(sec.88-ssec.1) A department may do any of the following only under a Treasurer’s approval— form, or participate in the formation of, a company; become a parent entity in relation to a company; become a member of a company.
(sec.88-ssec.2) The Treasurer may give an approval for subsection (1) only if the department has developed a business case that satisfies the Treasurer that a company is the appropriate vehicle for the purpose for which the approval is required.
- (a) form, or participate in the formation of, a company;
- (b) become a parent entity in relation to a company;
- (c) become a member of a company.