Part 3Licensing trusts, community trusts, and other matters
Licensing trusts: Amalgamation of licensing trusts
344Amalgamation by Order in Council
If an amalgamation proposal is approved under section 343(4) or if no poll is required to be held, the amalgamating trusts must, if they proceed with the amalgamation, submit to the Minister—
- the proposal; and
- copies of the latest audited financial statements of each trust.
On the recommendation of the Minister tendered at the request of each of the amalgamating trusts, the Governor-General may, by Order in Council,—
- amalgamate 2 or more licensing trusts into 1 new trust; and
- define the district of the new trust in conformity with the appropriate meshblocks.
An order under this section is secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).
Compare
Notes
- Section 344(3): inserted, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).