Sydney Olympic Park Authority Act 2001 No 57
Current version for 1 December 2018 to date (accessed 9 August 2020 at 01:14)
Part 4 Division 6 Section 58
58   Subsidiary corporations
(1)  In this section:
private corporation means a corporation within the meaning of the Corporations Act 2001 of the Commonwealth, whether formed in or outside New South Wales.
subsidiary corporation means a private corporation in which the Authority has a controlling interest.
(2)  The Authority may, with the approval of the Minister:
(a)  in relation to private corporations:
(i)  form, or participate in the formation of, a private corporation, and
(ii)  acquire interests in a private corporation, and
(iii)  sell or otherwise dispose of interests in a private corporation, and
(b)  in relation to subsidiary corporations:
(i)  form, or participate in the formation of, a subsidiary corporation, and
(ii)  acquire an interest in a private corporation so that, as a result of the acquisition, the corporation becomes a subsidiary corporation, and
(iii)  sell or otherwise dispose of any interest in a subsidiary corporation so that, as a result of the sale or disposal, it ceases to be a subsidiary corporation.
(3)  The Minister must not give such an approval except with the concurrence of the Treasurer.
(4)  A private corporation in which the Authority has an interest (including a subsidiary corporation) is not, and does not represent, the Crown.