New South Wales Consolidated Acts

FREIGHT RAIL CORPORATION (SALE) ACT 2001 - SECT 22

22 Orders for transfer of assets, rights and liabilities

(1) The Treasurer may by order in writing transfer from the sale company to the Ministerial Holding Corporation or any other public authority any assets, rights and liabilities that comprised the business undertaking of FreightCorp immediately before the conversion.

(2) An order under this section may only be made while all the issued shares in the sale company are held for and on behalf of the State.

(3) Schedule 1 (Transfer of assets, rights and liabilities) applies to an order under this section.