Document ID: chunk:federal_register_of_legislation:C2012A00025:clause:2_15
Version: federal_register_of_legislation:C2012A00025
Segment Type: clause
Provision Reference: sch 2 cl 15
Character Range: 6676–7672

15  Responsible Minister to be notified of significant events
 (1) If a Commonwealth authority, or any of its subsidiaries, decides to do any of the following things, the directors of the Commonwealth authority must immediately give the responsible Minister written particulars of the decision:
 (a) form a company or participate in the formation of a company;
 (b) participate in a significant partnership, trust, unincorporated joint venture or similar arrangement;
 (c) acquire or dispose of a significant shareholding in a company;
 (d) acquire or dispose of a significant business;
 (e) commence or cease a significant business activity;
 (f) make a significant change in the nature or extent of its interest in a significant partnership, trust, unincorporated joint venture or similar arrangement.
 (2) The responsible Minister may give written guidelines to the directors that are to be used by the directors in deciding whether particulars are required to be given under subsection (1).