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Western Parkland City Authority Act 2018
18Private subsidiary corporations
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#### 18 Private subsidiary corporations
18 Private subsidiary corporations
> > (1) The Authority may, subject to subsection (2)—
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> > > (a) form, or participate in the formation of, private corporations, and
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> > > (b) acquire interests in private corporations, and
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> > > (c) sell or otherwise dispose of interests in private corporations.
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> > (2) The Authority must not, without the approval of the Minister—
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> > > (a) form, or participate in the formation of, a private subsidiary corporation, or
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> > > (b) acquire an interest in a private corporation so that, as a result of the acquisition, the corporation becomes a private subsidiary corporation, or
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> > > (c) sell or otherwise dispose of any interest in a private subsidiary corporation so that, as a result of the sale or disposal, it ceases to be a private subsidiary corporation.
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> > (3) A private subsidiary corporation is not, and does not represent, the Crown.
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> > (4) In this section—
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> > private corporation means a corporation within the meaning of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth formed in or outside New South Wales.
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> > private subsidiary corporation means a private corporation in which the Authority has a controlling interest.