(1)  The Treasurer and Minister must not sell or otherwise dispose of the shares held by them unless the sale or disposal is approved by each House of Parliament.

(2)  For the purposes of subsection (1) , a sale or disposal is approved by a House of Parliament –

(a) when the House passes a motion approving the sale or disposal; or

(b) if no notice of a motion to disapprove the sale or disposal is before the House at the end of 5 sitting-days after notice of the sale or disposal was laid before the House, when that period ends; or

(c) if notice of any such motion to disapprove is before the House at the end of that period, when the first of the following occurs:

(i) the notice is withdrawn;

(ii) the motion is negatived;

(iii) a further period of 5 sitting-days ends.

(3)  The Treasurer and Minister must not vote at a meeting of the shareholders of the Company to allow the Company to –

(a) offer shares in the Company for subscription; or

(b) grant options over unissued shares in the Company; or

(c) invite persons to subscribe for shares in the Company; or

(d) allot or issue shares in the Company on a basis other than to existing shareholders pro rata to their existing shareholding.

(4)  In subsection (3) , a reference to shares includes a reference to shares of a kind specified in section 254A(1) of the Corporations Act.

(5)  The Treasurer and Minister must not vote at a meeting of the shareholders of the Company to allow the Company to sell or otherwise dispose of the whole or a substantial part of its undertaking or assets unless the sale or disposal is approved by each House of Parliament in accordance with section 22(2) .