Functions for the purposes of an authorised transaction

Current

For the purposes of this Act, any act, matter or thing is done or has effect for the purposes of an authorised transaction if—

(a)

it is done or has effect for the purpose of effecting or facilitating an authorised transaction, or

(b)

it is done or has effect for any purpose that is ancillary or incidental to or consequential on an authorised transaction, or

(c)

it is done or has effect for any purpose connected with the vesting of ports assets in, or the transfer of staff of a port SOC to, a public sector agency at any time after completion of an authorised transaction.

This Act’s bill:Explanatory memorandum Second reading speech

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3 Functions for the purposes of an authorised transaction