155Minister may direct Melbourne Water Corporation to transfer property

155 Minister may direct Melbourne Water Corporation to transfer property

S. 155(1) amended by No. 65/1995 s. 14(40).

(1) The Minister may, in writing, direct Melbourne Water Corporation or a company licensee to transfer property, rights and liabilities of a specified kind to a person or persons nominated by the Minister.

S. 155(2) amended by No. 65/1995 s. 14(41)
(a)–(d).

(2) Within 3 months after receiving a direction under subsection (1), Melbourne Water Corporation or the company licensee must give to the Minister a statement or statements approved by the Minister relating to the property, rights and liabilities of Melbourne Water Corporation or the former Melbourne Water property to which the direction relates, as at a date specified by the Minister for the purposes of the relevant statement.

(3) A statement under this section—

S. 155(3)(a) amended by No. 65/1995 s. 14(42).

(a) must allocate the property, rights and liabilities of Melbourne Water Corporation or the former Melbourne Water property shown in the statement to, or between, the person or persons nominated by the Minister; and

(b) must be signed by the chief executive officer.

(4) If a statement under this section is approved by the Treasurer and the Minister—

(a) the Treasurer and the Minister must sign the statement; and

(b) the statement is an allocation statement for the purposes of this Part.

S. 155(5) amended by No. 65/1995 s. 14(43).

(5) The Treasurer and the Minister may at any time direct Melbourne Water Corporation or a company licensee to amend a statement given to them under this section as specified in the direction.

(6) An allocation statement under this section may be amended by writing signed by the Treasurer and the Minister.

S. 155(6A) inserted by No. 12/1996 s. 21.

(6A) An amendment under subsection (6) of an allocation statement for which the relevant date is 1 January 1995 may be made with effect from 1 January 1995 if the Treasurer and the Minister are satisfied that the amendment does not adversely affect any property, rights or liabilities of a person other than Melbourne Water Corporation, Melbourne Parks and Waterways or a company licensee.

(7) In this section, statement and allocation statement include a statement or allocation statement amended in accordance with this section.