28Notice of transfer

28 Notice of transfer

(1)  The Minister may, by notice published in the Gazette, order the transfer to a specified transferee of such of a specified transferor's –

(a) assets, rights and liabilities; and

(b) employees –

as are specified in the order.

(2)  The assets, rights and liabilities and the employees specified in the order referred to in subsection (1) need not constitute all of the assets, rights or liabilities or all of the employees of the transferor.

(3)  A transfer order takes effect on the day specified in the order and, accordingly, the assets, rights, liabilities or employees specified in the order are transferred in accordance with the order on that day.

(4)  A transferor that is the subject of a transfer order must take all reasonable steps to enable the transfer order to take effect according to its terms.

(5)  The Minister may publish more than one notice in respect of the transfer of assets, rights, liabilities and employees of a transferor and may specify different transfer days in respect of the transfer of those assets, rights, liabilities and employees.

(6)  The Minister may amend or revoke any notice published under this section.

(7)  A notice under this section is not a statutory rule for the purposes of the Rules Publication Act 1953 .

(8)  State tax is not payable in respect of –

(a) the transfer pursuant to this section of any contract, property, right or obligation; or

(b) anything the Minister certifies as having been done as a consequence of that transfer.