Harbours (Amendment) Act 2009

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Commercial activities outside harbour limits by a company.

5.— The Principal Act is amended by inserting the following after section 12:

“12A.— (1) Subject to subsection (2), where it appears to a company to be requisite, advantageous or incidental to the performance by it of its other functions under this Act in respect of its harbour, the company may invest in or engage in commercial activities outside the limits of its harbour.

(2) A company shall not engage in a commercial activity to which subsection (1) relates unless it has received the prior approval in writing for such activity from the Minister given with the consent of the Minister for Finance.”.