17
CurrentMaking of vesting order
Part 4Vesting orders
17 Making of vesting order
(1) For the purposes of an authorised transaction, the Chief Minister may, by written order (a vesting order), vest port assets in an entity specified in the order as the transferee.
(2)
To avoid doubt, a vesting order may be made:
(a) in respect of port assets that were vested in the transferor by an earlier vesting order; and
(b) for the purposes of an authorised transaction after the completion of that transaction.
This Act’s bill:Explanatory statementSecond reading speech
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