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National Transmission Network Sale Bill 1997

Part 5 Transmitter licences


19   Transfer of transmitter licences to ABC and SBS

             (1)  The Minister may, by notice in the Gazette , declare that this section applies to the ABC, or to the SBS, in relation to specified NBS transmitter licences that are held by the Commonwealth.

             (2)  At the end of the day on which a notice is published under this section, the specified licences vest in the ABC, or the SBS, by force of this section.

             (3)  No fee or tax is payable under a law of the Commonwealth in respect of the transfer of a licence under this section.