Document ID: chunk:federal_register_of_legislation:C2012C00437:clause:8_39a
Version: federal_register_of_legislation:C2012C00437
Segment Type: clause
Provision Reference: sch 8 cl 39A
Character Range: 58397–60144

39A  Minister must inform Parliament of involvement in a company by the Commonwealth or a prescribed body
 (1) The Minister who has the responsibility for any of the following events must table a notice of the event in each House of the Parliament as soon as practicable after the event occurs:
 (a) the Commonwealth or a prescribed body forms, or participates in forming, a company;
 (b) the Commonwealth or a prescribed body acquires shares in a company (either by purchase or subscription) or disposes of shares in a company;
 (c) the Commonwealth or a prescribed body becomes a member of a company;
 (d) a variation occurs in the rights attaching to company shares held by the Commonwealth or a prescribed body;
 (e) a variation occurs in rights of the Commonwealth or a prescribed body as a member of a company;
 (f) the Commonwealth or a prescribed body ceases to be a member of a company.
 (2) The notice must be in the form, and contain the particulars, set out in the regulations.
 (3) This section does not apply to:
 (a) an event mentioned in paragraphs (1)(a) to (f) that occurs in relation to:
 (i) an authorised investment made under section 39; or
 (ii) an investment made under the Future Fund Act 2006; or
 (b) anything that results from the transfer to a Minister of any property that is to be dealt with as unclaimed property under Part 9.7 of the Corporations Act 2001; or
 (c) a company that is conducted for the purposes of an intelligence or security agency (within the meaning given by section 85ZL of the Crimes Act 1914).
 (4) In this section:
company includes a body of a kind prescribed by the regulations for the purposes of this section.
prescribed body means a body corporate that is, or is included in, an Agency.