Document ID: chunk:federal_register_of_legislation:C2020A00028:section:10
Version: federal_register_of_legislation:C2020A00028
Segment Type: section
Provision Reference: s 10
Character Range: 4042–5021

10  Commonwealth investment in the Australian Business Growth Fund
 (1) The Minister may, on behalf of the Commonwealth, do either or both of the following:
 (a) participate in forming a Corporations Act company;
 (b) acquire shares (either by purchase or subscription) in a Corporations Act company, or become a member of a Corporations Act company;
in circumstances that would not result in the company becoming a Commonwealth company.
 (2) The Minister may, on behalf of the Commonwealth, acquire debentures (either by purchase or subscription) of a Corporations Act company.
 (3) However, the Minister may not exercise the powers conferred by this section in relation to more than one Corporations Act company.
 (4) For the purposes of this Act, if the Minister exercises a power conferred by this section in relation to a company, that company is the Australian Business Growth Fund (whether or not the company's name includes the words "Australian Business Growth Fund").