Derek McDowell (Labour)

I move amendment No. 12:

In page 8, subsection (1), lines 43 and 44, to delete "or by the Minister under subsection (2), or by a combination of both".

This legislation, when enacted, will mandate the company to do certain things, to transfer certain assets and to set up the companies in the way that has been set out in the restructuring programme. Having given the mandate to the company, it seems inappropriate that it will be shared in some way. In a sense, the mandate will be shared by the Minister and the company. There seems to be an implication that the Minister is not satisfied that the company will behave exactly as he wishes. In essence, I propose to remove the Minister's power to mandate the transfer of assets and the various other issues which are set out in section 7(1), such as liabilities and contracts.