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Public Governance, Performance and Accountability Act 2013
84Guide to this Part
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#### 84 Guide to this Part
This Part has provisions relating to the Commonwealth’s involvement in companies, the responsibility of corporate Commonwealth entities for their subsidiaries, and the creation of new corporate Commonwealth entities.
Division 2 authorises the Commonwealth to form, or participate in forming, certain companies, and to acquire shares in, or become a member of, certain companies. It also requires the accountable authority of a corporate Commonwealth entity to ensure that none of the entity’s subsidiaries does anything outside of power.
Division 3 allows the rules to create new corporate Commonwealth entities.