SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 92BD Retransfer direction

SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 92BD

92BD Retransfer direction

(1) The Minister may, on or before 30 June 2013, give a direction (a
"retransfer direction" ) to any of the following (a
"relevant entity" ) to do anything the Minister considers necessary or desirable to achieve the retransfer—

(a) Allconnex;

(b) any of the withdrawn councils.

(2) Without limiting subsection (1) , a retransfer direction may be about both or either of the following—

(a) executing an instrument;

(b) disclosing information.

(3) A retransfer direction must be in writing and signed by the Minister.

(4) If a relevant entity is given a retransfer direction—

(a) the entity must comply with the direction; and

(b) if the entity is Allconnex—its board must take the action necessary to ensure Allconnex complies with the direction.

Penalty—

Maximum penalty for subsection (4) —1,000 penalty units.