AustLII Tasmanian Numbered Acts

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WATER AND SEWERAGE CORPORATIONS ACT 2008 (NO. 12 OF 2008) - SECT 30

Acquisition and disposal of assets, investments and liabilities

(1)  Neither a Corporation nor any of its subsidiaries may, without the prior approval of the members of that Corporation, acquire or dispose of any assets or investments, including shares in a company, other than in the ordinary course of the business of the Corporation or the subsidiary, as the case may be.
(2)  Neither a Corporation nor any of its subsidiaries may acquire or dispose of any assets or liabilities in contravention of any requirements of the regulations.



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