Government Business Enterprises Act 1995
4Subsidiaries
Start here
Get a plain-English read of 4
Turn the raw legal text into a practical explanation grounded in Government Business Enterprises Act 1995.
4 Subsidiaries
(1) A body corporate is a subsidiary of a Government Business Enterprise if –
(a) [Section 4 Subsection (1) amended by No. 42 of 2001, Sched. 1, Applied:15 Jul 2001] [Section 4 Subsection (1) amended by No. 42 of 2001, Sched. 1, Applied:15 Jul 2001] were the Government Business Enterprise and body corporate corporations under the Corporations Act, the body corporate would be a subsidiary of the Government Business Enterprise under that Act; or
(b) the body corporate is declared by the Treasurer, by notice published in the Gazette, to be a subsidiary of the Government Business Enterprise.
(2) A statutory authority that is not a body corporate is a subsidiary of a Government Business Enterprise if it is declared by the Treasurer, by notice published in the Gazette, to be a subsidiary of the Government Business Enterprise.
(3) If a Government Business Enterprise is a subsidiary of another Government Business Enterprise, the subsidiary is taken not to be a Government Business Enterprise (but continues to be a subsidiary) for the purposes of section 57 and Parts 6 , 10 and 11 .