120
CurrentPower of Minister to exempt corporation from obtaining Ministerial approval or confirmation
Part VIIIMiscellaneous and Supplemental
Division 2Supplemental
120 Power of Minister to exempt corporation from obtaining Ministerial approval or confirmation
Where a corporation may exercise any of its powers or perform any of its functions under a provision of this Act only with the approval of, or subject to confirmation by, a Minister, that Minister may, on application by the corporation, make a written order exempting it, either generally or in any particular case, from obtaining his approval or confirmation under that provision.
An order by a Minister under this section may be subject to the observance by the relevant corporation of such conditions as the Minister determines and as are specified in the order.
This Act’s bill:Explanatory notesSecond reading speech
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