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Local Government Act 2019
39Formation, ownership or participation in other bodies
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39 Formation, ownership or participation in other bodies corporate (1) A council must not form, own (in full or in part) or otherwise participate in any type of corporation, partnership or other trading body, irrespective of whether such formation, ownership or participation is for the purposes of investment or otherwise. (2) However, the Minister, in consultation with the Treasurer, may approve a formation, ownership or participation, on any conditions the Minister thinks fit.