23Adjustment of port SOC objectives and functions

#### 23 Adjustment of port SOC objectives and functions 23 Adjustment of port SOC objectives and functions > > (1) The Treasurer may by direction in writing to a port SOC adjust the objectives and functions of the port SOC in such manner as the Treasurer considers appropriate to ensure that the objectives and functions of the port SOC remain appropriate, having regard to— > > > > > (a) the capacity of the port SOC to give effect to or exercise its existing objectives and functions following the transfer of any of its ports assets for the purposes of an authorised transaction, and > > > > > (b) the objectives and functions that would be appropriate for any remaining ports assets of the port SOC. > > > (2) The objectives and functions of a port SOC may be adjusted under this section by being limited or dispensed with but not by being broadened.