South Australian Consolidated Acts (1) If—
(a) a
port operator is seriously in breach of its obligations under a port operating
agreement; or
(b) a
port operating agreement is cancelled or expires without renewal,
the Minister may appoint an official manager to operate the port.
(2) If a
port operator—
(a)
becomes insolvent within the meaning of Part 7.10 of the Corporations Law ; or
(b) goes
into liquidation,
the Minister may appoint an official manager to operate the port.
(3) An appointment
under subsection (1) or (2) may be terminated at any time by the
Minister.
(4) The port operating
agreement may contain provisions governing the exercise of the Minister's
powers under this section.