35Determination of initial capital

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35 Determination of initial capital

(1) The Treasurer must determine the amount of initial capital of the North East Link State Tolling Corporation.

(2) In making the determination, the Treasurer must have regard to any relevant advice that the Board has given to the Treasurer.

(3) The determination must be in writing.

(4) The value of the capital is—

(a) the value specified in the determination; or

(b) if the Treasurer and the Board agree that the value so specified does not correctly represent the value, the value agreed by the Treasurer and the Board.

(5) A copy of the determination must be given to the Minister.

Section 35 - North East Link Act 2020 - Determination of initial capital | Zoe