New South Wales Consolidated Acts

GOVERNMENT TELECOMMUNICATIONS ACT 1991 - SECT 40

40 Private subsidiary corporations, joint ventures etc

(1) The Authority may, with the approval of the Minister:

(a) form, or participate in the formation of, private corporations, and

(b) acquire, sell or otherwise dispose of interests in private corporations, and

(c) enter into partnerships, joint ventures and other profit-making arrangements,

for the purpose of the exercise of its functions.

(2) A private corporation in which the Authority has a controlling or other interest is not, and does not represent, the Crown.