Document ID: chunk:federal_register_of_legislation:C2024A00027:clause:1_4
Version: federal_register_of_legislation:C2024A00027
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 6652–7449

4  Subsections 39B(1) and (2)
Repeal the subsections, substitute:

Formation of company etc.
 (1) The Commonwealth may form, or participate in the formation of, a company if, were it to come into existence, the company would be a company:
 (a) that is specified in the regulations; and
 (b) whose objects or proposed activities are specified in the regulations.

Acquisition of shares in company etc.
 (2) The Commonwealth may acquire shares in, or become a member of, a company in circumstances that would result in the company becoming a Commonwealth company if:
 (a) the company is specified in the regulations; and
 (b) the company's objects or proposed activities are specified in the regulations.

Part 2—Consequential amendments

Asbestos and Silica Safety and Eradication Agency Act 2013