Commonwealth Numbered Acts

AUSTRALIAN POSTAL CORPORATION ACT 1989 No. 64 of 1989 - SECT 46

46. (1) If Australia Post, or a subsidiary of Australia Post, proposes:

   (a)  to form, or participate in the formation of, a company;

   (b)  to participate in a partnership, trust, unincorporated joint venture
        or other arrangement for the sharing of profits;

   (c)  to acquire a major shareholding in a company;

   (d)  to acquire a substantial business;

   (e)  to undertake a significant new business activity; or

   (f)  to make a significant change in the nature or extent of its interest
        in a company, partnership, trust, unincorporated joint venture or
        other arrangement for the sharing of profits; the Board shall
        immediately give written notice of particulars of the proposed
        activity to the Minister.

(2) The Minister may, by written notice given to the Board, make guidelines to
be applied by the Board in determining whether an activity is an activity
falling within paragraph (1) (c), (d), (e) or (f).

(3) This section does not limit the operation of section 47.