Crown Entities Act 2004

Establishment and governance of Crown entities - Crown entity subsidiaries - Formation and shareholding of Crown entity subsidiaries

99: Application to multi-parent subsidiaries

You could also call this:

"Rules for companies with more than one parent company"

If you are unsure how certain rules apply to a company with more than one parent company, the Ministers in charge of those parent companies must agree on what the rules mean. You can find these rules in section 97, section 98, or sections 161 to 164. The Ministers must decide what restrictions and obligations these sections require for the company with multiple parent companies.

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98: Subsidiaries: rules applying only to statutory entities, or

"Rules for statutory entities to manage their subsidiaries correctly"


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100: Acquisition of shares or interests in companies, trusts, and partnerships, etc, or

"Crown entities must follow rules when buying shares or interests in companies, trusts, or partnerships."

Part 2Establishment and governance of Crown entities
Crown entity subsidiaries: Formation and shareholding of Crown entity subsidiaries

99Application to multi-parent subsidiaries

  1. If there is any doubt as to how section 97, section 98, or sections 161 to 164 apply to a multi-parent subsidiary, the responsible Ministers of the 2 or more parents of a multi-parent subsidiary must agree on the restrictions and obligations that the sections require.