sec.73Declaration of candidate GOC associate as GOC

### sec.73 Declaration of candidate GOC associate as GOC This section applies if a regulation under section 54 (Transfer of assets, liabilities etc. to government entity to become GOC or GOC subsidiary) makes provision for the transfer of assets and liabilities from a candidate GOC to its associate. The Governor in Council may, by regulation, declare that the associate is a GOC if satisfied that— any corporatisation charter of the candidate GOC has been sufficiently implemented or the candidate GOC would, apart from the regulation under section 54 , be otherwise ready to become a GOC; and the associate complies with, or on becoming a GOC will comply with, section 75 . s 73 prev s 73 om 2007 No. 10 s 62 sch pres s 73 ins 1994 No. 31 s 29 amd 1998 No. 21 s 14 ; 2007 No. 10 s 26 (sec.73-ssec.1) This section applies if a regulation under section 54 (Transfer of assets, liabilities etc. to government entity to become GOC or GOC subsidiary) makes provision for the transfer of assets and liabilities from a candidate GOC to its associate. (sec.73-ssec.2) The Governor in Council may, by regulation, declare that the associate is a GOC if satisfied that— any corporatisation charter of the candidate GOC has been sufficiently implemented or the candidate GOC would, apart from the regulation under section 54 , be otherwise ready to become a GOC; and the associate complies with, or on becoming a GOC will comply with, section 75 . - (a) any corporatisation charter of the candidate GOC has been sufficiently implemented or the candidate GOC would, apart from the regulation under section 54 , be otherwise ready to become a GOC; and - (b) the associate complies with, or on becoming a GOC will comply with, section 75 .