(2) A direction under subsection (1) may include directions as to the method of valuation to be used by the PTC for the purposes of determining the value of property, rights and liabilities to be transferred. (3) Within 45 days after receiving a direction under subsection (1), the PTC must give to the Minister a statement containing the information required by the Minister relating to the property, rights and liabilities of the PTC to which the direction relates, as at the date specified by the Minister for the purposes of this section. (4) A statement under this section— S. 40(4)(a) (a) must give the value of the property, rights amended by and liabilities of the PTC to be transferred; No. 104/1997 and s. 14(3). (b) must allocate the property, rights and liabilities of the PTC shown in the statement in accordance with the directions of the Minister; and S. 40(4)(c) (c) must be signed by the Administrator of the amended by PTC. No. 47/1998 s. 14(1). (5) If a statement under this section is approved by the Minister— (a) the Minister must sign the statement; and (b) the statement is an allocation statement for S. 40(5)(b) amended by the purposes of this Division. No. 104/1997 s. 16(4). (6) The Minister may at any time direct the PTC to amend a statement given to him or her under this section as specified in the direction.
(2) A direction under subsection (1) may include directions as to the method of valuation to be used by the PTC for the purposes of determining the value of property, rights and liabilities to be transferred. (3) Within 45 days after receiving a direction under subsection (1), the PTC must give to the Minister a statement containing the information required by the Minister relating to the property, rights and liabilities of the PTC to which the direction relates, as at the date specified by the Minister for the purposes of this section. (4) A statement under this section— S. 40(4)(a) amended by No. 104/1997 s. 14(3). (a) must give the value of the property, rights and liabilities of the PTC to be transferred; and (b) must allocate the property, rights and liabilities of the PTC shown in the statement in accordance with the directions of the Minister; and S. 40(4)(c) amended by No. 47/1998 s. 14(1). (c) must be signed by the Administrator of the PTC. (5) If a statement under this section is approved by the Minister— (a) the Minister must sign the statement; and S. 40(5)(b) amended by No. 104/1997 s. 16(4). (b) the statement is an allocation statement for the purposes of this Division. (6) The Minister may at any time direct the PTC to amend a statement given to him or her under this section as specified in the direction.
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