Water and Sewerage Corporation Act 2012
19Acquisition and disposal of assets, investments and liabilities
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19 Acquisition and disposal of assets, investments and liabilities
(1) Neither the Corporation nor any subsidiary of the Corporation may, without the prior written and unanimous approval of the members of the Corporation, acquire or dispose of any assets or investments, including shares in a company, other than in the ordinary course of the business of the Corporation or the subsidiary, as the case may be.
(2) Neither the Corporation nor any subsidiary of the Corporation may acquire or dispose of any assets or liabilities in contravention of any requirements of the regulations.