#### 29 Sale of GIO by public float 29 Sale of GIO by public float > > (1) The Minister may make arrangements for the sale of GIO by a public float, comprising the disposal of the shares issued to the State under Part 2 and the initial issue of shares by GIO after its conversion to repay the debt to the State created under Part 2. > > > (2) The arrangements may include underwriting agreements and the issue of a prospectus. > > > (3) This section does not require all the money paid for the initial issue of shares to be applied to the repayment of the debt to the State.

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