New South Wales Consolidated Acts

FREIGHT RAIL CORPORATION (SALE) ACT 2001 - SECT 17

17 Steps to be taken prior to conversion

(1) The Treasurer’s direction for conversion of FreightCorp authorises the transfer of FreightCorp’s incorporation under the Corporations Law in accordance with the direction.

(2) FreightCorp must, in accordance with the terms of the Treasurer’s direction:

(a) apply under the Corporations Law to be registered as a company limited by shares under that Law, and

(b) apply under that Law for the reservation of a name as the name of the sale company, and

(c) do such other things for the purposes of effecting the registration of FreightCorp as a company limited by shares as the Treasurer directs.

(3) FreightCorp is authorised to exercise such functions as may be necessary or convenient for the purposes of this section.