QLDIn ForceAct
Government Owned Corporations Act 1993
sec.139Disposal of main undertakings
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### sec.139 Disposal of main undertakings
A GOC or a GOC subsidiary may dispose of any of its main undertakings only with the prior written approval of the shareholding Ministers.
In subsection (1) —
main undertakings means the undertakings specified in the GOC’s most recent statement of corporate intent as the GOC’s or subsidiary’s main undertakings.
s 139 prev s 139 om 2007 No. 10 s 62 sch
pres s 139 amd 1994 No. 31 s 16 sch 3
(sec.139-ssec.1) A GOC or a GOC subsidiary may dispose of any of its main undertakings only with the prior written approval of the shareholding Ministers.
(sec.139-ssec.2) In subsection (1) — main undertakings means the undertakings specified in the GOC’s most recent statement of corporate intent as the GOC’s or subsidiary’s main undertakings.