Power to appoint manager
28G Power to appoint manager
If—
a port operator is seriously in breach of its obligations under a port operating agreement; or
a port operating agreement is cancelled or expires without renewal, the
Minister may appoint an official manager to operate the port.
If a port operator—
becomes insolvent; or
goes into liquidation, the
Minister may appoint an official manager to operate the port.
An appointment under subsection (1) or (2) may be terminated at any time by the Minister.
The port operating agreement may contain provisions governing the exercise of the Minister's powers under this section.
In this section, becoming insolvent has the same meaning as in the prescribed provision under the
Corporations
Act 2001 of the Commonwealth.
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