Commonwealth Consolidated Acts

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SNOWY MOUNTAINS ENGINEERING CORPORATION LIMITED SALE ACT 1993 - SECT 4

The sale day

  (1)   The Finance Minister must, by notice in the Gazette , declare the day described in subsection   ( 2) to be the sale day.

  (2)   The day to be specified in the notice is the day that, in the opinion of the Finance Minister , is the first day after the commencement of this Part on which a majority of the voting shares in SMEC are acquired by a person, or persons, other than the Commonwealth or a nominee of the Commonwealth.

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



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