National Reconstruction Fund Corporation Act 2023
68A Corporation body must realise equity interests in certain circumstances
Start here
Get a plain-English read of 68
Turn the raw legal text into a practical explanation grounded in National Reconstruction Fund Corporation Act 2023.
68 A Corporation body must realise equity interests in certain circumstances
(1) This section applies if: (a) a Corporation body holds one or more equity interests in an entity; and (b) the Corporation body becomes aware of the fact that one or more of the activities of the entity are not constitutionally‑supported activities. (2) The Corporation body must: (a) realise the equity interests; and (b) do so as soon as reasonably practicable in the circumstances after the Corporation body becomes aware of the fact.