NSWIn ForceAct
Freight Rail Corporation (Sale) Act 2001
11Agreements for sale
Start here
Get a plain-English read of 11
Turn the raw legal text into a practical explanation grounded in Freight Rail Corporation (Sale) Act 2001.
11 Agreements for sale
11 Agreements for sale
(1) The Treasurer is authorised to enter into agreements for or in connection with the sale of the business undertaking of FreightCorp to a purchaser and for that purpose the Treasurer may act for and on behalf of FreightCorp.
(2) Any such agreement may be entered into for the purposes of this section before, on or after the sale.
(3) Section 52A (Contracts for sale of land) of the Conveyancing Act 1919 does not apply to a contract for the sale of land that is entered into for the purposes of this section.