TOTE Tasmania (Sale) Act 2009
20Deregistration of TOTE Tasmania
Start here
Get a plain-English read of 20
Turn the raw legal text into a practical explanation grounded in TOTE Tasmania (Sale) Act 2009.
20 Deregistration of TOTE Tasmania
(1) In this section –
business of TOTE Tasmania includes the shares in, and the business of, each TOTE subsidiary.
(2) After the business of TOTE Tasmania has been sold, the Treasurer may apply, or require TOTE Tasmania to apply, for the deregistration of TOTE Tasmania under section 601AA of the Corporations Act.
(3) After the business of a TOTE subsidiary has been sold, the Treasurer may require TOTE Tasmania or the TOTE subsidiary to apply for the deregistration of the TOTE subsidiary under section 601AA of the Corporations Act.
(4) A requirement under subsection (2) or (3) is to be in writing.
(5) TOTE Tasmania or a TOTE subsidiary is to comply with a requirement under subsection (2) or (3) .