Commonwealth Consolidated Acts

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QANTAS SALE ACT 1992 - SECT 5

The 50% sale day

  (1)   The Minister for Finance may, by notice in the Gazette , declare a specified day to be the 50% sale day.

  (2)   The day to be specified in the notice under subsection   ( 1) is the day that, in the opinion of the Minister for Finance, is the first day after the commencement of this Part on which voting shares in Qantas acquired by a person, or persons, other than the Commonwealth or a nominee of the Commonwealth, total 50% or more of the voting shares in Qantas.



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