51Exceptions from State Owned Enterprises Act 1992

51 Exceptions from State Owned Enterprises Act 1992

(1) Division 1 of Part 2 of the State Owned Enterprises Act 1992 does not apply to the Authority or a subsidiary of the Authority.

(2) Despite anything to the contrary in section 88 of the State Owned Enterprises Act 1992, a direction by the Treasurer to the Authority under that section to enter the NTER does not apply to—

(a) a Suburban Rail Loop project; or

(b) an activity relating to a Suburban Rail Loop project that has been determined for the purposes of this subsection under subsection (3).

(3) The Minister, with the approval of the Treasurer, may determine an activity relating to a Suburban Rail Loop project for the purposes of subsection (2).

(4) On determining an activity under subsection (3), the Minister must give written notice of the determination to the Authority.

(5) Section 88B of the State Owned Enterprises Act 1992 does not apply to land within a project area of a Suburban Rail Loop project.

(6) This section has effect despite anything to the contrary in section 5 of the State Owned Enterprises Act 1992.

(7) In this section—

NTER has the same meaning as in section 88 of the State Owned Enterprises Act 1992.