14CSponsorship framework

14C Sponsorship framework

[Section 14C Inserted by No. 18 of 2025, s. 47, Applied:01 Jan 2026]

(1)  As soon as practicable after the commencement of this section, the Board is to prepare a framework that specifies the principles and practices that are to be applied in respect of the provision of sponsorship by the Company and its subsidiaries.

(2)  A framework prepared under subsection (1)  –

(a) must be prepared in accordance with, and must reflect, any Treasurer’s Instructions issued in respect of sponsorship; and

(b) must include –

(i) the prescribed provisions; and

(ii) provisions that relate to prescribed matters; and

(c) is to reflect contemporary standards, and best-practice principles, that apply in relation to sponsorship; and

(d) may include such other matters as the Board considers relevant.

(3)  The Board is to ensure that, as far as is reasonably practicable, there is always a framework in force under this section in respect of the Company and its subsidiaries.

(4)  As soon as practicable after a framework under this section comes into force, the Board is to ensure that –

(a) a copy of the framework is published on a website maintained by, or on behalf of, the Company; and

(b) as far as is reasonably practicable, the framework remains so published while it is in force.