RAIL SAFETY ACT 1993 - SECT 27 Sale or transfer of railway by accredited person
This legislation has been repealed.
RAIL SAFETY ACT 1993 - SECT 27
Sale or transfer of railway by accredited person27 Sale or transfer of railway by accredited person
(1) If an accredited person proposes to sell or otherwise transfer a railway in respect of which the person is accredited, the Director-General may, on an application for accreditation under this Division being made by the proposed transferee, waive compliance by the proposed transferee with any one or more of the requirements of this Division relating to the safe construction, operation and maintenance of the railway.
(2) The Director-General is not to waive compliance with any such requirement unless the proposed transferee demonstrates, to the satisfaction of the Director-General, that the proposed transferee has the personal capacity to comply with the relevant requirements of this Division that apply to applicants for accreditation of the appropriate kind.
(3) A waiver of compliance with requirements under this section may be given subject to such conditions and restrictions (if any) as appear to the Director-General to be appropriate.