Section 23
Railway assets contract non-transferable
of Cross-Border Railways Act 2018
ActIn forceProvision 23 of 78
Section 23
(1)
A railway assets contract, and any right, benefit or privilege of a railway assets operator under a railway assets contract, are transferable only with the prior written consent of the Minister.
(2)
A transfer or an assignment, or a purported transfer or assignment, of a railway assets contract, or of any right, benefit or privilege of a railway assets operator under the railway assets contract, in contravention of subsection (1), is void and of no effect.