New South Wales Consolidated Acts

GOVERNMENT INSURANCE OFFICE (PRIVATISATION) ACT 1991 - SECT 38

38 Application and interpretation

(1) This Part applies to the following orders under this Act:

(a) an order under Part 4 transferring a part of the business undertaking of GIO to a GIO subsidiary or transferring a part of the business undertaking of a GIO subsidiary to another GIO subsidiary or to GIO,

(b) an order under Part 5 excluding a part of the business undertaking of GIO or a GIO subsidiary and transferring it to the Self Insurance Corporation or other person on behalf of the State,

(c) an order under Part 5 transferring any part of the excluded undertaking to a person acquiring it from the Self Insurance Corporation or other person on behalf of the State.

(2) In this Part, the body or person from whom a part of a business undertaking is so transferred is called the "transferor" and the body or person to whom it is being so transferred is called the "transferee".