29
CurrentMinister’s power to decide that his or her consent is not required
Part 4Compulsory transfers
Division 2Compulsory transfer determinations
29 Minister’s power to decide that his or her consent is not required
(1)
The Minister’s consent to a transfer of business (see paragraph 25(2)(g)) or a transfer of shares (see paragraph 25AA(3)(c)) is not required if the Minister has, in writing, determined that his or her consent is not required in relation to:
(a)
the transfer; or
(b)
a class of transfers that includes the transfer.
(2)
A determination made under paragraph (1)(a) is not a legislative instrument.
(3)
A determination made under paragraph (1)(b) is a legislative instrument.
This Act’s bill:Explanatory memorandumSecond reading speech
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