QLDIn ForceAct
Infrastructure Investment (Asset Restructuring and Disposal) Act 2009
sec.20Confidentiality agreement with prospective purchasers
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### sec.20 Confidentiality agreement with prospective purchasers
A prospective purchaser may enter into a confidentiality agreement with the State for the purpose of obtaining access to information in the possession or control of the State or a declared entity.
The agreement must state—
the information to which access may be given; and
the employees or agents of the prospective purchaser to whom the access may be given; and
any conditions of the agreement.
Information mentioned in subsection (2) (a) may be identified by description including by a stated category.
The persons mentioned in subsection (2) (b) may be identified by name, by a stated class, or by being a person approved by the State.
In this section—
a reference to an agreement includes a deed; and
a reference to entering into an agreement with the State includes executing a deed in favour of the State.
In this section—
prospective purchaser means a person who has expressed to the State an interest in purchasing a declared entity, shares in a declared entity or part or all of a business or asset of a declared entity.
(sec.20-ssec.1) A prospective purchaser may enter into a confidentiality agreement with the State for the purpose of obtaining access to information in the possession or control of the State or a declared entity.
(sec.20-ssec.2) The agreement must state— the information to which access may be given; and the employees or agents of the prospective purchaser to whom the access may be given; and any conditions of the agreement.
(sec.20-ssec.3) Information mentioned in subsection (2) (a) may be identified by description including by a stated category.
(sec.20-ssec.4) The persons mentioned in subsection (2) (b) may be identified by name, by a stated class, or by being a person approved by the State.
(sec.20-ssec.5) In this section— a reference to an agreement includes a deed; and a reference to entering into an agreement with the State includes executing a deed in favour of the State.
(sec.20-ssec.6) In this section— prospective purchaser means a person who has expressed to the State an interest in purchasing a declared entity, shares in a declared entity or part or all of a business or asset of a declared entity.
- (a) the information to which access may be given; and
- (b) the employees or agents of the prospective purchaser to whom the access may be given; and
- (c) any conditions of the agreement.
- (a) a reference to an agreement includes a deed; and
- (b) a reference to entering into an agreement with the State includes executing a deed in favour of the State.