Australian Capital Territory Consolidated Acts

TERRITORY-OWNED CORPORATIONS ACT 1990 - SECT 9

    (1)     If a company becomes a territory-owned corporation or a subsidiary, the Portfolio Minister must, within 15 sitting days of the occurrence, present to the Legislative Assembly—

        (a)     a statement setting out—

              (i)     the names of the shareholders; and

              (ii)     a description of the principal activities to be carried out by the company; and

        (b)     a copy of the constitution of the company.

    (2)     If there is a change in a matter specified in the statement or in the constitution, the Minister must, within 15 sitting days of the change, present to the Legislative Assembly a further statement setting out—

        (a)     for a change in a matter mentioned in subsection (1) (a)—details of the change; and

        (b)     for a change in the constitution—a summary of the change.