49Board to give notice of significant events

49 Board to give notice of significant events

(1) This section applies if the Board determines that matters have arisen—

(a) that may prevent, or significantly affect, the achievement of the business objectives of the North East Link State Tolling Corporation and its subsidiaries (if any) under the corporate plan; or

(b) that may prevent, or significantly affect, the achievement of the targets under the corporate plan.

(2) If this section applies, the Board must immediately notify the Treasurer and the Minister of its determination and the reasons for the determination.