#### 27 Time when transfers may be effected 27 Time when transfers may be effected > > (1) An order under this Part may be made before, on or after the conversion of TAB into a public company. > > > (2) After the conversion, any such order may not be made unless all the shares in TAB Limited are held by the State of New South Wales. However, the order may be expressed to take effect after the State has ceased to hold all or any of those shares. > > **s 27:** Am 1997 No 151, Sch 1 \[3\].

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Section 27 - Totalizator Agency Board Privatisation Act 1997 - Time when transfers may be effected — Zoe