Telecommunications Act 1999 · 2020 Revised Edition · Part 5B · Special Administration Order
48. Transfer of property, etc., under special administration order
Feedback & supportLast amended by an amending law of 2011.
Without limiting sections 46 and 47, a special administration order may provide for the following matters:
the transfer of the property, rights and liabilities of a specified telecommunication licensee to one or more prescribed transferees;
matters that are consequential or related to any such transfer.
If the Minister makes a special administration order providing for any matter mentioned in subsection (1), the Minister must, within 6 months after the making of the order, by notification in the Gazette, establish a scheme for determining the amount of any compensation payable to the specified telecommunication licensee for the transfer of its property, rights and liabilities.
specified telecommunication licensee
“specified telecommunication licensee” means a telecommunication licensee which the Minister has declared under section 45 to be a specified telecommunication licensee for the purposes of this Part.[32G
A scheme established under subsection (2) may provide for —
the manner in which any compensation or consideration is to be assessed, including methods of calculation, valuation dates and matters to be taken into account or disregarded when making valuations;
the assessment to be made by an independent valuer appointed by the Minister; and
the remuneration and expenses of the independent valuer.[32K