Queensland Numbered Acts Queensland Numbered Acts(1) This section applies if QTAMA proposes to sell or buy an asset of a class prescribed by regulation for more than the amount prescribed by regulation for an asset of that class (the proposed significant action).
(2) However, this section does not apply if the proposed significant action is in accordance with a direction from the Minister under section 45.
(3) Before taking the action, QTAMA must give notice to the Minister about the proposed significant action.
(4) After receiving the notice, the Minister must—
(a) consult with the Treasurer and the Minister administering the Further Education and Training Act 2014 about the proposed significant action; and
(b) decide whether to agree to QTAMA taking the action.
(5) The Minister must give notice to QTAMA of the Minister's decision.
(6) QTAMA must not take the action unless the Minister agrees to QTAMA taking the action under this section.