Document ID: chunk:federal_register_of_legislation:C2004C00908:clause:1_67ad
Version: federal_register_of_legislation:C2004C00908
Segment Type: clause
Provision Reference: sch 1 cl 67AD
Character Range: 9954–11175

67AD  Minister for Finance may direct Commission to sell or transfer assets

 (1) The Minister for Finance may, by written notice given to the Commission, direct the Commission to sell or transfer a specified asset of the Commission.

Note: An asset may be specified by name, by inclusion in a specified class or in any other way.

 (2) The direction may impose on the Commission requirements that are ancillary or incidental to the sale or transfer, including (but not limited to) any of the following requirements:
 (a) a requirement that the sale or transfer must be to a specified person;
 (b) a requirement that the sale or transfer must be completed before a specified time;
 (c) a requirement that the sale or transfer must be undertaken in a specified manner;
 (d) in the case of a sale—a requirement that the asset must be sold for a price that is within a specified range;
 (e) in the case of a sale—a requirement that the asset must be marketed, and that the sale must be undertaken, through a specified agent.

Note: For specification by class, see section 46 of the Acts Interpretation Act 1901.

 (3) The Commission must comply with the direction.

 (4) This section does not limit section 67AE or 67AF.