New South Wales Consolidated Acts

GAS INDUSTRY RESTRUCTURING ACT 1986 - SECT 42

42 Approvals

(1) The Minister shall not approve of a shareholding unless the Company consents.

(2) With the consent of the Company, the Minister may:

(a) give the approval subject to conditions, and

(b) at any time vary, add to or revoke the conditions to which the approval is subject by notice in writing to the shareholder and the Company.

(3) The approval may be revoked by the Minister at any time by notice in writing to the shareholder and the Company.