Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The amount of the
authorised capital of the corporation and the number and nominal value of the
shares into which it is to be divided are to be prescribed by regulation.
(2) All of the shares
are to be allotted to the Minister and are to be paid for in the manner agreed
between the Minister and the board and approved by the Treasurer.
(3) Shares in the
authorised capital of the corporation are not to be held otherwise than by the
Minister.
(4) For the purpose of
holding shares under this section, the Minister is a corporation sole with
perpetual succession, a common seal and power to do all such things as are
required for giving effect to this section.