Ports Assets (Authorised Transactions) Act 2012

In this section—

any transaction arrangement,

a vesting of assets, rights or liabilities by operation of Schedule 4 (Vesting of assets, rights and liabilities) and anything certified by the Treasurer as having been done in consequence of such a vesting (for example, the transfer or registration of an interest in land),

the issue, disposal or purchase of shares or other securities in or issued by a company for the purposes of an authorised transaction,

any matter connected with the corporate conversion of a port SOC or transaction SOC for the purposes of an authorised transaction,

such other matters for the purposes of an authorised transaction as may be prescribed by the regulations,

any transaction occurring within 6 months after completion of an authorised transaction and certified by the Treasurer to be a transaction entered into in connection with the transfer of ports assets to the private sector pursuant to the authorised transaction.

State tax is not payable by a public sector agency in relation to a relevant matter.

State tax is not payable by a person or body (other than a public sector agency) in relation to a relevant matter to such extent (if any) as the Treasurer may direct by order in writing, either generally or in a particular case.

An order may be made by the Treasurer under this section before or after the liability to pay the State tax concerned accrues.

The Treasurer must give a copy of an order under this section to the Chief Commissioner of State Revenue.