Government Business Enterprises (Sale) Act 2003
3Objects of Act
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3 Objects of Act
The objects of this Act are to enable the Crown to do any one or more of the following:
(a) sell the whole or part of a prescribed Government Business Enterprise;
(b) transfer to the Crown any business of a prescribed Government Business Enterprise that remains with the prescribed Government Business Enterprise after its other business is sold;
(c) form a company under the Corporations Act and transfer to that company the business of a prescribed Government Business Enterprise;
(d) transfer to the Crown any business of a prescribed Government Business Enterprise that remains with the prescribed Government Business Enterprise after its other business is transferred to such a company;
(e) sell the shares in such a company that are held on behalf of the Crown.