Public interest functions
141V Public interest functions
S. 141V(1) amended by No. 19/2022 s. 23(1).
The Minister, with the approval of the Treasurer, may direct the board of the Port of Hastings Corporation—
S. 141V(1)(a) amended by No. 19/2022 s. 23(1).
to perform certain functions that the Minister considers to be in the public interest but that may cause the Port of Hastings Corporation to suffer financial detriment; or
to cease to perform functions of a kind referred to in paragraph (a); or
to cease to perform certain functions that the Minister considers not to be in the public interest.
S. 141V(2) amended by No. 19/2022 s. 23(2).
The board of the Port of Hastings Corporation must comply with a direction given under subsection (1).
S. 141V(3) amended by No. 19/2022 s. 23(3).
If the Port of Hastings Corporation satisfies the Treasurer that it has suffered financial detriment as a result of complying with a direction given under subsection (1), the Port of Hastings Corporation may be reimbursed by the State an amount determined by the Treasurer and the Consolidated Fund is hereby appropriated to the necessary extent accordingly.
The reference in this section to suffering financial detriment includes a reference to incurring net costs that are greater than would have been incurred if the direction were not complied with.
This Act’s bill:Explanatory memorandumSecond reading speech
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