97Subsidiaries: rules applying to all Crown entities

1. A Crown entity (the parent) must ensure, to the extent that it is reasonably able to do so, that each of its Crown entity subsidiaries—

2. does not do anything that the parent itself does not have the power to do; and
3. acts consistently with the parent's objectives and current statement of intent (to the extent they relate to the subsidiary); and
4. exercises its powers only for the purpose of performing, or assisting the parent to perform, the parent's functions; and
5. does not contravene this Act or the entity's Act (if any) to the extent that it relates to a subsidiary; and
6. complies with a direction given to the parent (to the extent that it relates to the subsidiary); and
7. does not pay directors of the subsidiary any compensation or other payment or benefit, on any basis, for ceasing for any reason to hold office; and
8. does not perform any of the parent's statutorily independent functions; and
9. has a constitution and that the constitution contains a statement to the effect that the company is a Crown entity for the purposes of this Act; and
10. complies with the statutory requirements as to employees that apply to the parent; and
11. does not have a member of Parliament as a member.