New South Wales Consolidated Acts

TRANSPORT ADMINISTRATION ACT 1988 - SECT 18M

18M Dividends and tax-equivalents

(1) Section 20S of the State Owned Corporations Act 1989 does not apply to Transport Infrastructure Development Corporation.

(2) The Treasurer may, by notice in writing to Transport Infrastructure Development Corporation, suspend the obligation of Transport Infrastructure Development Corporation, or any subsidiary of Transport Infrastructure Development Corporation, to pay amounts under section 20T of the State Owned Corporations Act 1989 , either generally or for a specified period.

(3) A suspension under subsection (2) may be subject to conditions and may be revoked or varied by the Treasurer.