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s 9

Day of privatisation

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Part 2Privatisation of the Bank

9 Day of privatisation

(1)

The Treasurer is to notify the day of privatisation in the Gazette.

(2)

The Treasurer may change the day notified under subsection (1) to a later day.

(3)

If the day is changed the Treasurer is to notify the change in the Gazette.

(4)

Property in shares in the Bank that passes from R & I Holdings to any person on the day of privatisation is to be taken to pass at the beginning of the day of privatisation.

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