2AACertain leased land continues to be part of government railway

2AA. Certain leased land continues to be part of government railway

(1) If, for the purpose of facilitating the Authority’s involvement in, or the business of, a business concern, the Authority disposes of a leasehold interest in any railway land to the business concern, the disposal by the Authority of that interest does not prevent the land from continuing to be part of a government railway.

(2) In this section —

business concern means a company, a partnership, a trust, a joint venture, or any other business arrangement, in which the Authority is involved for all or any of the purposes of —

(a) acquiring or taking over any property, rights, and liabilities of the Authority; or

(b) carrying out, controlling, or managing any undertaking, works, or business;

railway land means land that is part of a government railway.

[Section 2AA inserted: No. 31 of 2003 s. 98.]