sec.14Project direction

sec.14 Project direction

The Minister may give a direction (a project direction ) to an airport entity or its board requiring the entity or board to do something the Minister considers necessary or convenient for effectively carrying out the project. Without limiting subsection (1) , a project direction may be about— forming a company for the purpose of transferring a business, asset or liability to the company; or winding up or deregistering a company; or making or executing an instrument; or making a particular decision about disposing of an interest held in an airport entity or a business, asset or liability; or making a particular decision for the purpose of returning the proceeds of a disposal mentioned in paragraph (d) to the State; or a decision about a dividend or return of capital disclosing information. A project direction must be in writing, signed by the Minister. An airport entity must comply with a project direction given to it. An airport entity’s board must— if a project direction is given to the board—comply with the direction; or if a project direction is given to the entity—take the action necessary to ensure the entity complies with the direction. An airport entity’s employees must help the entity or board to comply with a project direction given to the entity or board. This section does not apply to QIC, QIC Infrastructure Management or their boards. (sec.14-ssec.1) The Minister may give a direction (a project direction ) to an airport entity or its board requiring the entity or board to do something the Minister considers necessary or convenient for effectively carrying out the project. (sec.14-ssec.2) Without limiting subsection (1) , a project direction may be about— forming a company for the purpose of transferring a business, asset or liability to the company; or winding up or deregistering a company; or making or executing an instrument; or making a particular decision about disposing of an interest held in an airport entity or a business, asset or liability; or making a particular decision for the purpose of returning the proceeds of a disposal mentioned in paragraph (d) to the State; or a decision about a dividend or return of capital disclosing information. (sec.14-ssec.3) A project direction must be in writing, signed by the Minister. (sec.14-ssec.4) An airport entity must comply with a project direction given to it. (sec.14-ssec.5) An airport entity’s board must— if a project direction is given to the board—comply with the direction; or if a project direction is given to the entity—take the action necessary to ensure the entity complies with the direction. (sec.14-ssec.6) An airport entity’s employees must help the entity or board to comply with a project direction given to the entity or board. (sec.14-ssec.7) This section does not apply to QIC, QIC Infrastructure Management or their boards.

• (a) forming a company for the purpose of transferring a business, asset or liability to the company; or