Commonwealth Consolidated Acts

AEROSPACE TECHNOLOGIES OF AUSTRALIA LIMITED SALE ACT 1994 - SECT 5

  (1)   This section applies to a day if:

  (a)   the day is after the day (the assent day ) on which this Act receives the Royal Assent; and

  (b)   the day is before the end of the period of 2 years beginning on the assent day; and

  (c)   in the opinion of the Minister, the day is the first day after the assent day on which a majority of the voting shares in ASTA are acquired by a person, or persons, other than the Commonwealth or a nominee of the Commonwealth.

  (2)   The Minister must, by notice in the Gazette , declare the day to be the ASTA sale day.

  (3)   The notice must be published within 14 days after the day concerned.