Irrigation Company Act 2011
43Deregistration of TIS Corporation
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43 Deregistration of TIS Corporation
(1) The Minister may apply, or may require the Commission or TIS Corporation to apply, for the deregistration of TIS Corporation under section 601AA of the Corporations Act if –
(a) TIS Corporation has paid any income tax equivalent in respect of the financial year ending on 30 June 2011 as required by Part 10 of the Government Business Enterprises Act 1995 ; and
(b) the Board of Directors of TIS Corporation has done everything necessary to enable the Board of Directors of the Commission to comply with sections 52 and 55 of the Government Business Enterprises Act 1995 .
(2) A requirement under subsection (1) is to be in writing.
(3) The Commission or TIS Corporation is to comply with a requirement under subsection (1) .