Transfer of property etc
23 Transfer of property etc
The Minister may with the concurrence of the Treasurer, by notice in the Gazette—
transfer an asset, right or liability of the Minister to SAHT;
transfer an asset, right or liability of SAHT—
to the Minister; or
to a statutory corporation; or
to a subsidiary of SAHT; or
to the Crown, or to another agent or instrumentality of the Crown; or
in prescribed circumstances, subject to prescribed conditions (if any), and with the agreement of the person or body—to a person or body that is not an agent or instrumentality of the Crown.
A notice under subsection (1) may make other provisions that in the opinion of the Minister are necessary or expedient in connection with the relevant transfer.
This section does not limit the operation of another provision of this or any other Act that allows for the transfer of any asset, right or liability of SAHT.
This provision refers to the regulations (prescribed circumstances
, prescribed conditions
). Made under this Act:
This Act’s bill:Second reading speech
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