New South Wales Consolidated Acts

SYDNEY WATER ACT 1994 - SECT 8

8 Excluded undertakings

(1) The Minister may direct, by order in writing, that such assets, rights or liabilities of Sydney Water Corporation Limited as are specified or referred to in the order be excluded from Sydney Water Corporation Limited’s business undertaking.

(2) On the date specified in the order, the excluded undertaking concerned is transferred to the Ministerial Holding Corporation or such other person on behalf of the Crown as is so specified.

(3) The functions of the Ministerial Holding Corporation include the following:

(a) to hold and dispose of assets, rights and liabilities transferred to it under this Act,

(b) to carry on any activities or business that relate to the assets, rights and liabilities transferred to it or that are incidental or ancillary to the assets, rights and liabilities transferred to it, including demanding, collecting and receiving charges, levies, rates and fees.

(4) Section 7 applies to the transfer of the excluded undertaking under this section in the same way as it applies to the transfer of Sydney Water Corporation Limited’s business undertaking to the Corporation.

(5) Different parts of any excluded undertaking may be transferred under subsection (2) to different persons.

(6) The Ministerial Holding Corporation or other person is authorised to dispose of any excluded undertaking transferred under subsection (2) or to retain it and conduct any business to which it relates.