Totalizator Agency Board Privatisation Act 1997
28Excluded undertakings
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28 Excluded undertakings
28 Excluded undertakings
(1) The Minister may direct, by order in writing, that any assets, rights or liabilities that are part of the business undertaking of TAB or a TAB subsidiary be excluded from that business undertaking and transferred to the Ministerial Holding Corporation or another person on behalf of the State of New South Wales.
(2) If an excluded undertaking includes money, the order may direct the payment of the money into the Consolidated Fund.
(3) An order under this section may define an excluded undertaking by reference to a business undertaking other than any part specified in the order.
(4) Part 9 applies to an order under this section.