20. (1) Such functions of Sport Ireland as it may determine may be performed by a subsidiary and, accordingly, Sport Ireland may, with the approval of the Minister given with the consent of the Minister for Public Expenditure and Reform, for the purpose of such performance, form and establish or acquire one or more subsidiaries.

(2) Sport Ireland or a subsidiary may, either by itself or with another person, with the approval of the Minister, given with the consent of the Minister for Public Expenditure and Reform, promote and take part in the formation or establishment of a company, or enter into a joint venture or partnership, for the purpose of fulfilling any of its functions.

(3) Sport Ireland may, with the approval of the Minister, given with the consent of the Minister for Public Expenditure and Reform, acquire, hold and dispose of shares or other interests in a company, or become a member of a company.

(4) The memorandum and articles of association of a subsidiary shall be in such form consistent with this Act as may be determined by Sport Ireland with the approval of the Minister, given with the consent of the Minister for Public Expenditure and Reform.

(5) The Minister may give a direction in writing to Sport Ireland on any matter relating to a subsidiary and Sport Ireland shall comply or secure compliance with such a direction.

(6) The Minister shall not, without the consent of the Minister for Public Expenditure and Reform, give a direction under this section in relation to the disposal or transfer of any assets or surpluses of a subsidiary.

(7) A subsidiary of the Authority shall be deemed to be a subsidiary formed and established by Sport Irelandunder this section but such subsidiary shall comply with this section and any provision in its memorandum and articles of association that does not so comply shall, to the extent of that non-compliance, be void.