New South Wales Consolidated Acts

STATE OWNED CORPORATIONS ACT 1989 - SECT 20Y

20Y Sale or disposal of main undertaking

(1) None of the main undertakings of a statutory SOC, and none of the main undertakings of any of its subsidiaries, may be sold or disposed of except with the prior written approval of the voting shareholders.

(2) The main undertakings are as specified in the most recent statement of corporate intent of the SOC.