Commonwealth Consolidated Acts

AEROSPACE TECHNOLOGIES OF AUSTRALIA LIMITED SALE ACT 1994 - SECT 6

  (1)   This section applies to a day and a particular ASTA subsidiary if:

  (a)   the day is before the ASTA sale day; and

  (b)   the day is before the end of the period of 2 years beginning on the day on which this Act receives the Royal Assent; and

  (c)   in the opinion of the Minister, the day is the first day after 12   October 1994 on which a majority of the voting shares in the subsidiary are acquired by a person, or persons, other than:

  (i)   ASTA or a nominee of ASTA; or

  (ii)   the Commonwealth or a nominee of the Commonwealth.

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

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