Common use of Privatisation Clause in Contracts

Privatisation. In order to promote job security of employees, it is agreed that the privatisation of a Government entity may only occur where: (a) the entity does not perform a role central to the functions of Government; and (b) disadvantaged groups would not be negatively affected by the privatisation; and (c) a social impact statement has been completed which indicates that there is a demonstrated public benefit from the sale.

Privatisation. 107.1 In order to promote job security of employees, it is agreed the parties agree that the privatisation of a Government government entity may only occur where: : (a) the entity does not perform a role central to the functions of Governmentgovernment; and and (b) disadvantaged groups would not be negatively affected by the privatisation; and and (c) a social impact statement has been completed which indicates that there is a demonstrated public benefit from the sale.