26Sale day for transferred body

26 Sale day for transferred body

(1) If, in the opinion of the Minister, a particular day is the first day after the commencement of this Part on which a majority of the voting shares in a transferred body are or were acquired by a person, or persons, other than: (a) the Commonwealth; or (b) a nominee of the Commonwealth; the Minister must, by notice in the Gazette, declare the day to be the sale day for that body. (2) The declaration has effect accordingly. (3) The notice must be published within 21 days after the body’s sale day.