Government Business Enterprises (Sale) Act 2003
8Treasurer may direct Board to facilitate sale
Start here
Get a plain-English read of 8
Turn the raw legal text into a practical explanation grounded in Government Business Enterprises (Sale) Act 2003.
8 Treasurer may direct Board to facilitate sale
(1) By written notice provided to a prescribed Government Business Enterprise, the Treasurer may direct the prescribed Government Business Enterprise or its Board to do one or more of the following to facilitate the sale of the business of the prescribed Government Business Enterprise under section 7(1) :
(a) take the action specified in the notice;
(b) take all reasonable steps and actions.
(2) A prescribed Government Business Enterprise and its Board are to comply with a direction provided under subsection (1) .
(3) A prescribed Government Business Enterprise and its Board may do all things necessary or convenient to be done to enable them to comply with a direction provided under subsection (1) .