5. (1) Without limiting his or her powers under section 2 or 3, the Minister for Privatization may,
(a) determine the assets to be transferred;
(b) determine the consideration to be paid for the assets;
(c) establish terms and conditions relating to the management of Highway 407; and
(d) at the direction of the Lieutenant Governor in Council, incorporate or cause to be incorporated a corporation with share capital, transfer the assets mentioned in section 2 to the corporation, and transfer the shares of the corporation. 1998, c. 28, s. 5 (1).
Corporation, Crown agency
(2) A corporation incorporated under clause (1) (d) shall be deemed to be an agent of the Crown in right of Ontario until its shares have been transferred by the Minister for Privatization. 1998, c. 28, s. 5 (2).