16   Treasurer may direct conversion

(1)  The Treasurer may direct FreightCorp to convert to a company limited by shares for the purposes of the sale of the business undertaking of FreightCorp under this Part.

(2)  The company to which FreightCorp is converted is referred to in this Part as the sale company.

(3)  A reference in this Part to the conversion is a reference to the registration of FreightCorp pursuant to this Part as a company limited by shares under the Corporations Law.