Part 2Establishment and governance of Crown entities
Crown entity subsidiaries: Formation and shareholding of Crown entity subsidiaries
101Corporation sole may not acquire interests in bodies corporate
A corporation sole must not acquire or form a Crown entity subsidiary.
A corporation sole must not, without the prior written approval of its responsible Minister, otherwise—
- form or hold any shares or interests in any body corporate or in a partnership, joint venture, or other association of persons; or
- settle, or be or appoint a trustee of, a trust.