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Property and Development NSW Act 2006
15BWholly owned subsidiary corporations
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15B Wholly owned subsidiary corporations
15B Wholly owned subsidiary corporations
(1) Property and Development NSW may, with the approval of the Treasurer, establish wholly owned subsidiary corporations to hold property for Property and Development NSW.
(2) A wholly owned subsidiary corporation is—
(a) a statutory body representing the Crown, and
(b) is subject to the direction and control of Property and Development NSW.
s 15B: Ins 2024 No 27, Sch 1[19].