61. Power of Minister to direct certain provisions not to apply

Where the Minister of Finance holds fifty per cent or less of the issued share capital of the Corporation, the Minister may, on and from a specified date, by notice in the Gazette, direct that all or any such provisions of this Act as specified in the notice shall no longer apply to the Corporation from that date and any such direction may contain such transitional provisions as the Minister thinks fit.

Any direction under subsection (1) may be revoked at any time by the Minister, by notice in the Gazette, if the Minister is satisfied that the circumstances that led to the giving of the direction no longer exist.