243Minister may direct transfer of Public Transport Ticketing Body property, rights and liabilities

243 Minister may direct transfer of Public Transport Ticketing Body property, rights and liabilities (1) The Minister may give a direction in writing to the Public Transport Ticketing Body directing the Public Transport Ticketing Body to transfer, in accordance with the direction, any property, rights and liabilities of a kind specified in the direction to— (b) the Secretary on behalf of the Crown. (2) A direction under subsection (1) may include directions as to the method of valuation to be used by the Public Transport Ticketing Body for the purposes of determining the value of property, rights and liabilities to be transferred. (3) Within the time period specified in a direction under subsection (1), the Public Transport Ticketing Body must give to the Minister a statement containing the information required by the Minister relating to the property, rights and liabilities of the Public Transport Ticketing Body to which the direction relates, as at the date specified by the Minister for the purposes of this section. (4) Unless the relevant transferor otherwise agrees, the time period specified in a direction under subsection (1) must not be less than 45 days. (a) must give the value of the property, rights and liabilities of the Public Transport Ticketing Body to be transferred; and (b) must allocate the property, rights and liabilities of the Public Transport Ticketing Body shown in the statement in accordance with the directions of the Minister; and (c) must be signed by the chief executive officer of the Public Transport Ticketing Body. (7) The Minister may at any time direct the Public Transport Ticketing Body to amend a statement given to him or her under this section as specified in the direction. (9) An amendment under subsection (8) to an allocation statement made after the relevant date in relation to that statement may be made with effect from that relevant date if the Minister is satisfied that the amendment does not adversely affect any property, rights or liabilities of a person other than the Public Transport Ticketing Body, or as the case may be, the Public Transport Development Authority or the Secretary on behalf of the Crown in relation to that statement. S. 244 inserted by No. 61/2011 s. 4 (as amended by No. 43/2012 s. 3(Sch. item 55)).