Document ID: chunk:federal_register_of_legislation:C2004A05288:clause:1_55q
Version: federal_register_of_legislation:C2004A05288
Segment Type: clause
Provision Reference: sch 1 cl 55Q
Character Range: 47620–48460

55Q  Subsidiary companies etc.

  A designated company must not, without the written permission of the Minister:
 (a) arrange for the formation of another company (other than a company that, on its formation, will be a wholly‑owned subsidiary of the designated company); or
 (b) acquire, hold or dispose of shares or stock in the capital of another company (other than a company that is a wholly‑owned subsidiary of the designated company); or
 (c) acquire, hold or dispose of debentures or other securities of another company (other than a company that is a wholly‑owned subsidiary of the designated company); or
 (d) enter into a partnership, or arrange for the sharing of profits and losses, with an individual or with another company or body; or
 (e) participate in a joint venture with an individual or with another company or body.