Western Australian Consolidated Acts

WATER CORPORATION ACT 1995 - SECT 31

31 .         Subsidiaries, acquisition of etc. (Sch. 4)

        (1)         The corporation must obtain the approval of the Minister before it acquires a subsidiary or enters into any transaction that will result in the acquisition of a subsidiary.

        (2)         The corporation must ensure that the memorandum and articles of association of every subsidiary of the corporation that under a written law is required to have a memorandum and articles of association — 

            (a)         contain provisions to the effect of those required by Schedule 4;

            (b)         are consistent with this Act; and

            (c)         are not amended in a way that is inconsistent with this Act.

        (3)         The corporation must, to the maximum extent practicable, ensure that every subsidiary of the corporation complies with its memorandum and articles of association and with this Act.

        (4)         The provisions of this Act prevail to the extent of any inconsistency with the articles of association of any subsidiary of the corporation.