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WESTERN AUSTRALIAN TOURISM COMMISSION ACT 1983 - SECT 15

WESTERN AUSTRALIAN TOURISM COMMISSION ACT 1983 - SECT 15

15 .         Formation of companies developing or operating tourist facilities

        (1)         The Commission may, with the approval of the Minister and of the Treasurer, for the purpose of developing and operating tourist facilities in Western Australia or organizing and administering events and conventions —

            (a)         participate in any business arrangement;

            (b)         acquire, hold and dispose of shares, units or other interests in any business arrangement; and

            (c)         exercise any right conferred upon the Commission to appoint a director of, or hold office in, a business arrangement.

        (2)         In subsection (1) —

        business arrangement means a proprietary limited company, partnership or trust;

        participate includes form, promote, establish, enter into, manage, dissolve, wind up and do anything incidental to the doing of any of those things.

        (3)         The Treasurer may, on the recommendation of the Commission, execute a guarantee in favour of any person for the purposes of this section.

        (4)         A guarantee under subsection (3) may guarantee —

            (a)         the payment of any moneys and interest thereon owing by any person;

            (b)         the performance of an obligation undertaken by any person.

        (5)         The provisions of section 27(5) shall apply to any guarantee under this section as if it were a guarantee under section 27.

        (6)         The Treasurer is hereby authorised to charge to the Consolidated Account, which to the necessary extent is appropriated accordingly, any liability arising out of a guarantee under this section and any money received or recovered by the Treasurer from the Commission or otherwise in respect of any amount so charged by the Treasurer shall be credited to the Consolidated Account.

        [Section 15 amended: No. 98 of 1985 s. 3; No. 6 of 1993 s. 11; No. 68 of 1994 s. 15; No. 49 of 1996 s. 64; No. 77 of 2006 s. 4.]